If they are deceased its easier than occupied, as if you foreclose they could file bankruptcy, possibly chilling your intentions for up to 5 years, or request mediation when foreclosing to keep them in their home, as the idea when buying these is to try to help them in any way and not just be buying them to foreclose & eject for your BRRRR inventory.

I know that I could run these numbers with 5% down and a conventional mortgage, but then I'd have to calculate PMI and I'm frankly too lazy at the moment since I'm not going to pay PMI anyway so 20% down is my minimum. 

Hello guys i need help with thisHow does the bank look at depreciation in your financial statement if your company makes good amount of profits but after depreciation and inventory adjustments kicks in your taxable net profit amount goes way down which is something help the business.The question is when you go to the bank trying to get loans for real estate investing would they consider your income before depreciation??

I assumed looking for portfolio lender/blanket mortgage would be the way to go but as I read through forums, I’m wondering if it would make sense to just finance each one thru conventional mortgages.

I assumed looking for portfolio lender/blanket mortgage would be the way to go but as I read through forums, I’m wondering if it would make sense to just finance each one thru conventional mortgages.

The other 3 you will need to go get conventional loans probably requiring 25% down.  

Account Closed if you find an investor savvy MLO you can get a conventional loan for original purchase (the cheapest money you can borrow) and use the same MLO to refinance after rehab.

Bey if you plan to house hack you need employment history to get a longterm loan (ie conventional financing).

Typing it out now and thinking more about it, it would make sense that a conventional lender would still have to either see a steady profit/income of the business to be able to do something like that or just run the credentials of the person who owns the small business to make sure they could lend to that person/business anyway so it would have to show a history of profits to be able to sustain the property during times of vacancy with a track record of on-time payments.

I don't have enough cash to buy this property outright, and the distressed state of the property rules out conventional financing.