@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 #

Partnering is a great way to get started if you don't have a lot of cash or can't get traditional financing.

Yes they will do traditional 30 year for single family homes or anything up to 4 units as long as you stay under ten mortgages total.

Not to make this into a religious conversation but if you are a Christian there are good options available.

Since it sounds like you're getting a traditional mortgage the appraisal contingency is built into your mortgage contingency (i.e., if the home doesn't appraise then you don't get mortgage commitment and get to terminate, or hopefully renegotiate, the deal).Good luck! 

I was told by my mortgage guy today that It would take 6 months to clear for traditional refinance so that is going to significantly eat into the holding costs.  

Infact, I will be using Roofstock as a benchmark for much of this process and show you how you can easily get the deal that is on roofstock, before it got their with the sellers markup.It will be hyper-specific about one specific end to end process to end up with a  cash flowing rental property purchased directly from the MLS using a hard money acquisition and then refinancing into traditional bank financing after seasoning. 

I have a private lender that finances mine from a self-directed IRA but have had no luck with traditional banks.

You should still have plenty of value to add, make a little money and get your feet wet.Or.. go more of a traditional route and just buy a fix and flip with private money.

I would like to use this as a down payment on a flip, but not sure of the best combinations of financing to do the deal.I looked and I could go with just a traditional crowd funding loan from Prosper or Lending Club and pull out about 60K in cash, but the problem with that is I have to make payments.