As an example: Did anyone make a switch from their traditional W2 job (unrelated to real estate) and move into an "approved" real estate professional role? 

Traditional conventional loan Lessons learned?

It's definitely available as there are lenders out there w/ less strict lending criteria than traditional banks that can help.Best,Dave

FHA loan, traditional House Hack financing.Earnest money: $10,000Used 3% Realtor Commission to contribute towards FHA down payment; cash due at closing: $1,200Rehab #1 was financed via a HELOC against House Hack #1 (purchased a SFR in Dec 2015)Materials were funded by multiple credit card accounts: a stressful way to do it...Rehab #2 including materials were ultimately reimbursed by HELOC against subject triplex, after Rehab #2 completion How did you add value to the deal?

Hi Brandon,I work with a few investor groups that target SFR’s, and we’ve bought multiple homes from Opendoor recently.Majority of the homes are listed on the MLS and go through the traditional negotiation process.

On an investment property with traditional financing, the least you can get away with is 15% assuming it’s a single family.

Though I personally would rent a house on piers over a traditional home assuming everything else is comparable.  

However if you are going to park your funds and have debt on the property a traditional bank will require it to cash flow at 1.2%.  

They have many of the tax benefits of traditional RE transactions including being common to use accelerated depreciation to offset the gains from the exit of previous syndication.  

I ran around doing open houses and wasting a lot of time trying to chase "traditional" business.