@David Weintraub can he not qualify for traditional/conventional financing?

Chris, I haven’t used First United for a duplex, but do have experience working with them on traditional mortgages and to be honest I’m not surprised they got their info wrong, their knowledge and customer service isn’t the best (and their website isn’t user friendly at all) I would definitely talk to other banks.

We're not sure we will be able to find  traditional financing through a bank for it.

If you're looking to invest for cash flow in a traditional long-term rental, you're probably best looking in the midwest somewhere. 

We only have 2 months of data, and I'm sure November and April are going to be lower as those are traditionally slower periods in the White Mountains.  

Does that mean that lenders of a traditional loan on investment property in a Non Recourse state can not go after personal assets except for the collateral property in case of default? 

That means traditional financing is not possible for the average buyer.

@Phil Christian For Mobile home parks.

At least a contractor, and property manager if you're using one, the lender is also very importantIf using hard money be very careful, and I recommend finding a traditional lender to refinance you out of the property in the future and make sure they are on board with what you are doing before you make an offer.

@Christian Cody Financing costs are specific to the owner/investor and as such are not included in calculating NOI.the mortgage debt is not in that $20K #