I'm curious on peoples go to approach to secure financing for an investment property - use a broker? start w local bank or CU ? or even a local brick and mortar bank?

Anyone googling this will see it basically on the first page..

You understand some of the basic concepts, but also have some giant holes in your plan.

I essentially present to them my numbers of what I can redo the property for, and they loan me 80% of the ARV basically no questions asked except for an appraisal.

For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).

Here's a link https://www.oregon.gov/ODA/shared/Documents/Publications/FoodSafety/ServiceAnimalsposter.pdf The BS factor is off the charts with some clients...Then it gets tricky because you are only allowed to ask certain questions as to whether the dog has been trained to perform a specific task etc.

Thats an important question to ask nowadays, we were scammed by a marketing/SEO company who is now overseas and has a PO box in US only so basically untouchable.

It will familiarize you with the basic terminology and benefits.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

You now basically have a duplex for sale and that's an investment property.