The bank is here in San Diego and is Endeavor Bank. 

Cash deals are obviously different, but this was a traditional mortgage through a bank so I had to show sufficient funds to close between all the personal and business accounts* along with every other mortgage requirement. 

If anyone has question about buying a bank foreclosure, fire them off.

Are you leveraging private lenders, seller financing, or traditional bank loans?

Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

Will these homes be appraised similarly to traditional homes in the area, or could they be lower due to the construction method?

And you'll need at least $500-750k for the downpayment if using traditional commercial financing (20-30% down).

Easier to ScaleWith less reliance on deep-discount deals and cash buyers, I can scale novations faster than traditional wholesaling.Final ThoughtsI’m not saying wholesaling is dead, but novations have helped me close deals I would’ve lost before.

Given your low interest rates, refinancing isn't ideal, and traditional HELOCs may not work since these are investment properties.

I had issues with linking a bank account to their "Stessa Bank account".