We were able to secure the house with a 5/1 ARM at 3.65% that included all of our closing cost wrapped in!  

Just include that to be considered that they will have to apply and there will be a x dollar amount feeAlso, what if you have a rockstar tenant that doesn't apply because your ad explicitly states that the unit needs to be filled on May 15 and they need to move in June 1 are you OK with that? 

You should be able to go the route of commercial as Bill stated, but terms are shorter, typically with balloon payments or ARM and interest rates are usually higher.

I have done this 2 times now and can get interest only for 6 months that then rolls into a 15 year, ARM at 5.5%.  

This is why the appraiser is supposed to reconcile all three approaches - even in an apples to apples arms-length SFR appraisal. 

In the case of Brownstone Arms v.

In my mind if the new home was meant to be mine, then God will find a way to make it so.Amazingly, that day the bank was discontinuing a 5 year ARM with 100% financing and I was able to get the loan and the home. 

What I don't want is to join a training program and just be another one of the Guru's many students, that I have a set number of minutes on the phone and paid an arm & a leg. 

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookGo to IREM.org search for ARM certified property managers.

Go to IREM.org search for ARM certified property managers.