Originally posted by @John A Murray:Tim you are out of luck it appears.

Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.

At the current cost to build estimate $150/sqft, It appears a 1500-1700 sqft new construction will need to sale for around 399,9k to make a decent profit.

If you had prescreening info that makes it appear that there is no way they meet criteria do you still say the same thing? 

One of them still here, appears to have drastically raised their flat fee prices across the USA.Hmm, seeing a pattern?

The point is that most of the books and gurus out there will sell you the dream and get you hooked on buying into their programs without giving you all the nitty gritty details.You're running a business and must treat it that way. 

In Midland, we found one duplex that sold earlier this year and one that is currently on the market, though it appears a little overpriced. 

There are a few programs that can do second position financing but typically underwritten based on your personal income.

@Marc Robinson numbers wise they will always appear to work.

@Mike Grudzien Happy to help on an DSCR and we also help train brokers in this program so they can speak on & guide better on it, Great product to have.