I love the quote “it’s not good enough to want something you’ve got to know HOW to get it” I’ll be the fist to say I’ve lost my share of money on deals for sure and if that was all you heard you’d say pass.

How do I go about it as far as trying to get funding when my credit is not good enough to get a traditional bank loan? 

The first property may not be the greatest deal, but good enough to get the ball rolling and show you are actually buying, so you can get better deals in the pipeline. 

I ran the numbers with rough and likely mildly pessimistic estimates of total rehab, based on paying $425 total to have it in good enough shape to keep 70% of rent, then assuming loan cost of 6.5% (definitely pessimistic since the last two were around 5% for me), and they aren't all that attractive-  If $425k total in-Rent for $4200 total =$2940/month using 70% rule$2535/month P+I for $340k borrowed at 6.5% for 20 years $1500 insurance plus $2740 Taxes=$353/month for Taxes and insurance$2890 total MTI =Marginal to no cash flow, $7800 per year in paydown- so about 10% on the $80k I have in, Then market gain leveraged X 5- This is the big wild card, and the one where I may be less optimistic than the rest of the crowd. 4% sustained yearly gain would make the whole thing seem really attractive all of a sudden- but I don't see our economy expanding in the middle class enough for this to keep happening for much longer :(a 1% cheaper loan saves only $200/month- still weak sauce cash-flow wise. 

I actually got busy and ran over my trial for Porter and they were good enough to extend it for twice for me, which was a leading indicator on how they respond to customers requests and support. 

If the deal itself is good enough for you to move forward then do it.

I don't want to scare the good (enough) ones away.

It was good enough for my needs.

Hostaway isn't perfect either but it's good enough for me like I don't have that many complaints based on what I need.

So if you are a good enough salesperson to convince an Ivy League endowment, a family office, or a sovereign wealth fund to invest....well you make something even if you're a loser.