@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

You can refinance into more traditional loans later, but that initial speed matters.

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.

In addition, high cost RE markets traditional have greater rent growth than low cost RE markets.  

The "slow flip" I am referring to was purchase the property in the traditional financing way and then live there while rehabbing and improving (adding bedrooms, getting the yards back in shape, updating finishes, building or adding shop space, etc.).

Unlike traditional banks, which focus heavily on personal credit and income, portfolio lenders prioritize the cash flow of your property.

Yet, through the magic of social media marketing, they imply it's so easy to do every time.It's like paying someone for advice on "winning lottery numbers" just because they once won a scratch-off prize.DM us if you'd like to discuss the reality of using S8:)

I already have one traditional LTR with a traditionally-qualified tenant.

If the houses are in decent shape and could get traditional financing do not sell seller finance.