You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.

Just choose somewhere in the mid west were 200k buys you a very nice livable home.

Use private money lenders and choose a conservative market.

But after helping many people house hack, I’d still choose house hacking over a live-in flip any day.

I'd suggest choosing an area that looks like it has potential and then spend your spare time just driving around.

Also, if you're working with a local bank, theyre likely choosing not to originate  Conventional loans for investment properties and to only offer commercial loans that they hold on their balance sheet, which are subject to their own internal credit policies.

No appraisalI realize I don't get to choose the terms when using a white label service but I'd like to get close until I have my own funding. 

Clarity shows commitment and improves your chances of obtaining funding, whichever property you choose.

Or like many like to go to and claim Ponzi.I think these are good discussions to have for investors when the market has shifted and choosing a sponsor is so critical and one cant invest simply on popularity or SM presence.