I send a proof of funds (bank statements) with all offers.

@Raphael Turner  You would be able to go up to 75% with a conventional cash out refinance - that would pay off your current loan and you would keep any funds left over as cash out. 

We purchase 1st lien residential notes for hedge funds and banks.

So, keep a good fund in an emergency operating account set aside for rehab-rainy days.

And yes I agree it does seem a little out of reach, as far as funding the rehab, what other suggestions would you have?

I also got a proof of funds from one HML so I can attach it to my offers. 2.

Hi Everyone,Been doing a ton of research lately, reading books, listening to podcasts, reading the forums, etc......It seems nearly everything I come across is geared toward becoming a GP, getting deals, raising funds etc......However, that is not what I’m looking for, I own my own successful company, love it, and not looking to give that up, strictly looking to invest. 

Many people invest in stocks and bonds to get passive income, but the payout is not as lucrative as real estate.

Much like a conventional brokerage, they hold funds and execute at your direction the transactions you choose. 

I was going to just request a HML for just the purchase vs. the 70% ARV, as I can cover the entire rehab with my own funds but the cost difference does not seem to be worth putting up the extra $17,000.