Investment Info:Single-family residence buy & hold investment.

But your right this lender was very hesitant as i mentioned i wanted the funds to buy another investment and or hold as an emergency for when something pops.

I believe one way to help combat that is buying a newer home or even new construction (which most are offering great incentives right now).

I don't know how many you have, but for $1500 consider buying new cabinet doors instead of painting them.

I would like to purchase my second property and plan on buying another SFR in the same area.

Investment Info:Single-family residence buy & hold investment.

There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with. 

It’s in the neighborhood I originally wanted to buy in after my divorce but couldn’t find anything.

It was an i-buy that Open Door had purchased.

Also I could be wrong but I think to legally lend in OHIO one needs to be state licensed and NMLS registered.. again could be wrong but I know we are setting up a very narrow niche lending platform there for foreclosing buying and I got recruited because they need my license to be legal.Now for the private folks who only do a few loans and don't hold themselves out as lenders like you obviously do there is usually a carve out.