How did you find this deal and how did you negotiate it?

Assuming you can find a great fix-and-flip deal, you could borrow what you need from private lenders and not need a ton of cash (although you would need some money for the rehab).Also, has your bank told you what the specific credit requirements for their loan would be?

So that I find out doing my own calls to find out why the offers was denied even was just so close from asking price and Im willing to go with second offer, I found out that the place has reserve litigation issue and my agent who I rely on and keep emphasizing how we need to work smart dropped the ball again on me and didn't due enough diligence even he claims he knows how to do property searches etc etc which made me feel its an extra that he has, it was very sample to just ask the listing agent so not to waste my time neither his sending unnecessary contracts...

@Davin PaulineI recommend finding an accountant/financial planner who specializes in real estate taxation, tax planning and financial planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

With excellent credit (800+), you're already in a great position, but I understand the struggle with DTI when you're self-employed.Here are a few options that might help:Asset-Based Lenders: You're on the right track with DSCR loans, but you may find some private lenders or portfolio lenders willing to go into the high 6’s.

You don't have to agree with my way of investing but in the Chicago area you are not going to find as much success as I have created. 

Just last night I was having a hard time finding rent data on a smaller market and Googled *town name, apartments for rent, and got a few listings that weren’t on the main sites.

How did you find this deal and how did you negotiate it?

Mostly because you can find all that information on forums like this one and others like (Redd*t).

It is a liquidated amount covering only part of Landlord’s damages—for Landlord’s time, effort, and expense in finding and processing a replacement resident.