So, 400k - 500k sounds like lots of money but if you wanna operate in the 300k+ entry point it get can swallowed up quick.One strategy I'd try is to be a buyer at the auctions, win a bid on a good house, close on it in cash (you should be a great deal under market value) and then get into a delayed purchase bridge loan product which will cash you out a certain percentage of the purchase and supply the rehab funds. 

Pick them based of production there bio back group etc.

Two business days after that I get an email saying they received my info and will pass it along to the "product team" to process the request.Later that day I get another email asking me to verify my identity again. 

Also, be sure to consult a CPA about the timing of transitioning properties to an LLC to avoid potential complications with financing or taxes.Take time to compare multiple lenders and products that fit your strategy.

I'm solving all those points with extra stars :).Hi @Josh BowserYes GVL market is not bad but it has some downsides.

The machine guns must have been quite a show.Two dead after drug dealers open fire at five-star Hyatt hotel in Cancun: Panicked guests were instructed to hide, barricade their doors and given metal sticks to defend themselveshttps://www.dailymail.co.uk/ne...Men reportedly armed with machine guns opened fire at the Hyatt Ziva Riviera Cancun resort Thursday afternoonSeveral people said on Twitter that vacationers were told by staff to hideOne guest claims they manned the entrances to the basement and were given metal sticks and a pedestal bathroom sink to defend themselvesPolice said the shooting stemmed from conflict between members of hostile groups of drug dealers and that two people had diedThe shooting broke out around 3pm Thursday when men allegedly carrying machine guns fired shots on the beach area of the Hyatt Ziva Riviera Cancun resort in Mexico,  

Quote from @Saint Kyle: Here's an examplelooking for rehab funding on a triplex in youngstown, oharv $130k rehab $70kdo you know of a bank that's willing to loan on a product like this?

I really like this and I will follow it.One last comment, if I want to focus on finding deals, what are the most efficient/productive ways to find them?

I don't agree with your lender that you have to live in the property if you are using a conventional loan, but depends on what product they are giving you, maybe a work around for that.I would not purchase based solely on what income you can derive from STR.

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).