I wouldn't stretch my imagination very far to see this extending to sellers (investors), too.

I would just add though that in this shaky environment, don't be too aggressive on pulling all the cash out (as Stephanie said, 75% ARV and 100% of your costs will be hard limits), but no need to really stretch on that if cash flow is tight (likely given current market and rates). 

The key to the 30 year loan if you can pay less when you are stretched while saving the extra in months when you have it.3.

Close only counts in horseshoes, hand grenades and stretching carpet.   

That's a stretch.  

Of course it's a possibility that that can happen but I think it's a stretch to say never work with one because of it. 

If I were a betting man, I would point the area south of USC - west of the 110 freeway.The boundaries would be JEFFERSON BLVD to the north, SLAUSON to the south and stretching westward all the way to BALDWIN HILLS and ending at La Cienega on the western border of this rectangle of speculation.I've personally seen "in love" yuppies taking a sunday morning stroll at Central and MLK blvd.

Neck-stretch would have been an issue.  

If I do option 1 and wrap it in, my reasoning was to keep more cash on hand for future deals.If I do everything out of pocket, it would stretch me farther than I wanted but it's doable.  

It is a stretch, but a creative financing solution could get you on the right track.