I know of 1 lender doing a 'no seasoning' cash out like what you are saying, but without rehab being done I don't know of anyone doing it within 3 months seasoning.

I have picked up some deals that fell trough on financing and the frustrated seller accepted a 20k hit in exchnage for a no contingency offer just to be done with it.

Can I leverage my current property as collateral for a no-money-down acquisition of the next one?

It will be a no-loose situation for the seller if you are going to fund the renovation/updates and get the rent rates up.Get title insurance. 

PM to me needs to be more of a no BS tough as nails person given what they have to do and all the sob stories that tenants throw at them.

Private lenders... requiring your borrower to purchase lenders title insurance which insures your interest in the priority position you believe you are lending is a no-brainer basic business decision. 

So people can argue until they are blue in the face whether the non-disclosure is a lie to get around a no pet policy or because they do not think of their ESAs as pets and there is no way to prove it one way or another. 

But I think it's a no-brainer to be an LP in some very professional syndicated deals.

Here's the situation:Rental #1 value = ~$122k (according to zillow estimate)mortgage balance = $63kincome = $1050Roth IRA balance = $16kCurrent cash balance and debt to income ratio are likely a no-go to just get another mortgage.Our goal is to generate more passive income.  

I think if you add all that in, things get a little thin.But If this is a no money down deal that has $300ish of monthly cashflow in a decent area, then I'm not sure what's not to like.