To lower inflation its a two headed monster and the one everyone is ignoring is spending, and someone needs to buy the debt - and based on how much we are spending its leading to higher rates due to the risk. 

It seems to offer both conventional loans as well as DSCR loans which you can get based on the income of the property.

And these are base numbers.

There are 30 year fixed programs out there as well as DSCR based options.

@Yinan Q. yup with a Partnership Agreement you would hold the deal as TIC as stated above, I would suggest you consult with the awesome @Scott Hildebrand about drawing up the Partnership agreement and perhaps talk to him about the ins and outs of TIC in Washington State

Based on the price point it looks like Surrey.

@Howard KooreSome lenders will do it and lend based on proceeds from sale.

Lenders may have specific requirements or restrictions for loans to LLCs, so it's essential to consider how this might affect your future financing options.Before forming an LLC, it's crucial to consult with a qualified attorney and tax advisor who can provide personalized guidance based on your specific circumstances and goals.

If you can get a local agent to pull a list of recent transactions, you should be able to estimate, based on the photos, what your target property will sell for post-renovation.The repair budget is the list of repairs (with estimated costs) required to make your target property look like the "ARV homes" you found above.

My thought is that he knows his information is bad, but his whole company and platform is based on never using debt.