There are high risk processors but they will charge a 5% transaction fee and hold back 25% of your gross processing for six months to cover chargebacks.You havve options.

While you're on the phone or interwebs with them ask about building permits, impact fees, and anything else that is required to be paid for building in on that lot or parcel.  

**Uncertain Future Costs:** Final costs, including maintenance fees and property taxes, may be higher than initially projected.

I have around $165k in savings, with an option to withdraw $16k from my 401k after taxes and fees.

If you buy a package of 6 lesser houses  that means I have 6 roofs, 6 hvac, less cashflow, and likely subpar appreciation(dollar for dollar) compared to better areas.The reduced maintenance costs, higher rents, better tenants, appreciation, and reduced hassle factor for new construction are real and attractive.  

You have no idea what the wholesaler told the seller.I suspect the out-of-pocket $40,000 is for the wholesaler's fee.

And in these instances, the "fee" the pooler gets is that 10% difference, i.e.

Obviously you want to pay attention to your interest rates, cost of appraisals, and fees for refinancing.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

This is a good thing for tax payers to prevent fraud. 2. government shutdown causes delay in rent payment and you want to charge a late fee?