If they sign on, you use tier ability to fund, banks provide community reinvestment act funds, there are CDBG funds, grants and conventional loans that can work in combination and provide not only 100% purcahse money but also rehab funds.

I view my lending operation as a fill in when conventional financing is not available or not available in the time frame needed.

Take 75% of rents-PITI and add to your personal gross income.If you want a conventional conforming loan (best interest etc) use 28% of your gross income for PITI on your new home.There are more aggressive formulas but if want 3.875% 30yr then the above will get you there, assuming good credit and high quality property, and not exceeding 36% gross total personal debt including PITI for home.

Inventory drying up due to banks hold up in foreclosures because of robo-signing.

But the problem however seems as far as I have read, most conventional lenders don't do commercial mortgage loans for below 750K(seen a couple i believe for 500k)Am I wrong?

RE inventory is tight where I live and, yes, banks don't like me as much.

I know Jarred E. is selling a large inventory of turnkey properties in Atlanta.

I would imagine quite a few, but my market (92660) isn't anywhere close (with a median price of $1,032,500, it would be tough).So... if you think you have a market where the cost of construction is higher than the cost of the existing inventory, post the zip code and the respective PP/SF so we all can learn a little.

The buyers are absolutely devastated by it as they will likely lose the house to a conventional buyer.

To be safe I would video tape the whole thing of what I took and the date, leave an inventory.