I will be reaching out to banks soon enough but wanted to see what you all thought of my situation and how likely it is they would lend to me. 

I doubt most banks would allow the IRA to be your 10% liquid.

hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.

Our bank said they would do it and it all sounds good to me, but I have never collected rent like this before. 

Factor in carrying costs, then throw in some contingency, then a just in case fund, and pretty soon you'll convince yourself the bank couldn't give you the property for free!

Seems like you are debating whether you want to bank on cash flow or appreciation..Some people are willing to settle for negative cash flow to purchase another property and pray to god they appreciate in value.. 

For the first time this year bank-owned property sales saw an increase, up 7%, with 147 recorded for the month compared to 138 last August.Investor purchases accounted for 19% of all home sales in Shelby County with an average sales price of $74,898. 45% of investor purchases were made by out-of-town buyers, with 38 properties purchased by CSMA BLT LLC, the leading hedge fund owner in Shelby County.Following is a breakdown of August home sales by municipality comparing 2017 figures to 2016:Home Sales by MunicipalityMunicipality#of Units SoldAvg.

Is that true for all banks or is this just with Navy Federal Credit Union? 

Sometimes you might use a HML for speed of closing, if that is that is what will win you the deal, since a bank would take longer.

Hello BP,Does anyone know banks besides Pentagon Federal that will do a cash out refinance or Home Equity loan on a single family rental in MIssissippi.