Given the Market conditions, our timing to jump in wasn't ideal for going the traditional MLS route.

I got a great foundation for going out and getting a loan, browsing the market and buying a house, but nothing I had seen shed any light on investing.I continued to listen to the podcast as I began my search, and it became clear to me that my idea of investment was very different to what an investor would call an investment.

Also you lose some points for going over the 30% credit usage threshold.

That is why if you go this route you forgo the bank entirely. 

The amount of validity is no different than when a teenager is pulled over for going 71 in a 65 and mysteriously the police need to search his BMW.

If the short term you might be able to forgo some of the longer term escrow accounts to pay down debt, but it won't be a large impact.Where are you getting a 95% NOO Loan from?

Welcome Adam,This reminds me of the song of the twin girls in Problem Child 2:"We have wholesalers."

Before I found SN, I looked into commercial loans, they are spendy...Now, one advantage for going with a local bank is if you are planning on buying a lot of properties and want to build a relationship with one bank. 

A great local HML will take care of their best borrowers to the point that those borrowers just wont want to jump through the hoops of getting vetted by the Portals.I have had the same clients for going on 20 years.. there is more to HML than fees and rates.

When they are first starting out with only a handful of doors under management, some property management companies might decide to forgo E&O insurance.