The profile of seller who uses a wholesaler is commonly anti-broker.

Any local bank that does this kind of financing should be able to approve you as long as you have a good enough credit score and never declared BK.

@Bruce Lynn - I love the depth of thought you put into this—these are exactly the kinds of variables that separate top-tier investors from the rest.

Yes first-time buyer DSCR is actually fairly common, especially here in Southern MI. 

What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.

This was the kind of situation where most people would turn around and walk away, but not us.

I believe this is very common among funds and syndicators.

This is why we network with other real estate investors - kind of like what you are doing here!

I do understand the Japan market does not see the kind of appreciation we are used to in the West.

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan.