But yeah, definitely get a few bids (which, it sounds like you are.)Finally -I'd encourage you to plug the numbers into the BP Rental Property Calc and see how it turns out there.

I wanted to share an idea with you that might encourage you to participate more on BP.

Your story is very encouraging!

Looking for helpful hints, direction, words of encouragement from the BP family ..

I found that by asking around to several banks, I found one that would lend 80% of ARV, and wrap the rehab loan into the process.I had to jump through a few more hoops along the way, and prove out the opportunity with market/neighborhood info, but since I was new to the process(only a few years in...first big rehab opportunity), it was good to have an extra set of eyes confirming the opportunity that I saw for sure.Terms were much more favorable than hard money.Sounds like you are ready to call around to a few banks...I would encourage you to make sure you have some smaller local banks on the list too!

@Domin Car,I have been able to negotiate with my local portfolio lenders to agree to supply loans on properties that are outside of the geographic region.I would encourage you to talk to some local portfolio lenders (i.e. bank loan officers) in your area and explain your venture and bring your professional portfolio to show them how you have successfully operated those in the past.With the line of credit that you should be able to pull from your other properties and depending on the leverage you're looking to position, you may have a good case for a lender to work with you if you ask enough people.Good luck!

However, eventually you are much better off holding property long term in some kind of entity like an LLC or corporation.Most estate planning attorneys and those looking to limit liability will encourage you to start an LLC, and then place each property in a separate trust, with the LLC as the beneficial interest. 

I would encourage others to become a Pro member as well......

BP has given us the courage, understanding and the great community I've been reading in the forum is very knowledgeable & encouraging.

I appreciate the subtle encouragement.