It's important to choose that one and commit to using it.

Alternatively you could explore a fully pre approved loan commitment to present to the developer and likely still negotiate aggressively.

I don't mind committing 2-5 years to get everything running and established, so long as by the end of that time frame any portfolio I have is set up in a way to set it and forget it.

this industry is very scaryI think any industry is going to face issues with people trying to game the system or just outright commit fraud or take advantage of others.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

My preliminary research indicates that this might be possible (without committing fraud!)

The problem is most loan officers will not know this up front because they fail to do a "pre-underwrite" and get a "Loan commitment" versus a pre-approval letter.regardless of you using your own money they will "Not" use the higher appraisal value they must go off of the legal sales contract.

Having a Pre-approval letter or better yet a loan commitment and a Banker to call and reassure the sellers agent you can close in 30 days or less also offers a huge advantage.In this market using a DPA is not a bad idea since rates are high and when they drop you simply refinance for a lower rate and payment. 

Fraud is a crime, they are consequences for committing it and it's not a question of IF, but WHEN.