With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

I do have reserves to cover contingencies.Let's just say, I'm satisfied with those numbers.Had I had to use a bank, I would have had to put down 20% for $33,000, plus closing and my payment on the remaining would be $1400 PITI including HOA. 

Most banks I work with require anyone with over 20% ownership to guarantee the debt but have seen as low as 10%.

We're in a small town so we ask our bank loan officer who is involved in the community for a CPA reference.

That means, no conventional loans, bank loans, DSCR loans.  

If your 5th deal is good, you should be able to find funding outside the banking industry.

Bank Financing How did you add value to the deal?

Makes banks happy, but not what you want if you are concerned about your bottom line. 

Quote from @Stuart Udis: You can also reduce your transactional costs by using a bank construction to permanent loan with an earn out.

cant pull those off with smoke and mirrors :)   and of course my bank that has loaned me about 60 million to build all this thinks I have morals and character as its the cornerstone concept when lending this kind of money on spec builds.. you dont have it you dont get the money.