I've wholesaled a few deals to investors obtaining financing but they were through aprivate bank in Dallas that specialized in working with investors.

I've found many banks will only lend a minimum of a 50k loan, which is outside most LTV.

PM and team are ciritical for success I don't know that I would say that one should absolutely have 6 months of operating expenses in their bank account before buying a rental property.

I wasn't sure if the bank would want me to have the money saved and not from a loan.

Buyers consistently received bad service from selling agent such as late communication, late delivery of required documents such as lease agreements required for loan/bank (2 weeks late for 2 of the 3 lease agreements with no tenant/owner signature and haven't received 3rd lease agreement) as well as selling agent did not give notification to 2 of the 3 tenants for loan appraisal so appraiser had to come twice to property, all to which has delayed buyer's loan.

My assumption, and I could be wrong, is that the bank won't finance on these.Definitely get a walkthrough on all 8 houses. 

With the job I have, it's kind of my escape on my way home, especially on days where I take an absolute beating so I jumped on the laptop and searched, "what requirements do banks require in order to finance a beach rental property?"

Private lending is relationship based, so don't go in treating him like a bank, unless you know he does that :)Best of luck!

It is an option that they can't get from the bank yet so it is worth the premium you want to put on it in terms of the option deposit, monthly lease and purchse price.

So I need some suggestions please as to whom you all recommend within the small banks in the HoCo, Baltimore, AA County areas would anybody recommend???