Short term (12 months), low loan to value with borrowers who have strong credit and significant assets.

I am unsure if this means the price is correct or too low. 

Without this workout, the down payment requirements, current levels of interest rates and cost of the transaction would not be incentivizing enough to for investment. 

@Kwanza P. 780+ pretty much gets you all the same rate regardless of being in the low to mid 800s. 

But if it's an RV park near a lake or tourist destination, then an RV or 2: yes.There is no draw to travel somewhere just to stay in an RV....I whole heartily agree there is no draw to travel somewhere just to stay in an RV.The RV parks I've seen that have fixed RVs for rent look like low end MH parks. 

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

Is is low enough that someone would be ok with a wrap??

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

I am based in Seattle, but is licensed in Tx.You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% with FHA with a few exceptions.

I'm looking for super low cost, or preferably free.