There is also debt to income ratio, time on the job, how much you want to borrow, how much you have to put as a down payment, bank returns, tax returns) and they can tell you how you can get ready for your purchase. 

If the program is revoked, any de legislation has been for new borrowers only.

These are private investors or companies that base their decisions on the asset, rather than the borrower. 

In addition to the points, they will also charge you a percentage of the borrowed amount as an administrative fee.

@Alex M.There're multiple options depending on your situation:1) HELOC2) Borrow from your 401k3) Private loan from friends and family4) HML (hard money lenders)

I will say though, it takes a loan officer that is used to working with borrowers with rental properties, to get it correct.

Originally posted by @Mike Dymski:show up in this...I don’t have one of those, I’ll have to borrow yours. 

https://www.msn.com/en-us/finance/realestate/cfpb-moves-to-eliminate-mortgage-debt-to-income-rule-for-borrowers/ar-BBZc1Wx?

I invested about $10k of my own cash, and borrowed the purchase price and some repair costs from family and friends (about $80k all in).

@Kiwi Mills thank you this helps clarify.Hopefully I don’t have to sell in order to invest.My idea is once I get a deal to use that money then refinance the new house and pay off the line of credit.Then rinse and repeat.In the market I am my two houses are worth more then $100k but the appraisal says it’s only $100k so they are letting me borrow $75k on each house.