Had a person refer me over to Daytonloan Acquisition || Your trusted lending partnerSomething seems off but the head guy has sent me references that I am going to follow up with and business documentation.  Just wante...

Ideal for me.The only issue is structural issues; the agent recommended that I go with a FHA 203K loan.

I own a few condos solely under my name and with loans in the Orlando area.

Most lenders wont lend with out title insurance and time to underwrite, so wo t loan on auctions.This is the market I work in in  WA state, best of luck and don't go over your $ number! 

Cash out Refinance: If you use this option then it basically resets the clock on Mortgage and is essentially a new loan.

As mentioned, a bank or credit union that keeps the loan.

Avoid lipstick on the pig.Renovations like nice kitchens and bathrooms are great for rental properties, but it is not everything.A property that has been cosmetically renovated, but has no capital improvements is worse than one that has been very well-maintained, but might have older cosmetics.If I walk into a property and I see that the kitchens and bathrooms have been redone, but all the walls are plaster there's no grounding in the electrical and the plumbing has never been updated that I consider it a full gut.It's a shame to pay a premium because of a nice kitchen and bathroom only to find out that you have to rip it all apart.It is usually less expensive to do cosmetic rehab for rentals than capital improvements. 

Any experience with hard money loans?

I have found a rental property that I would like to purchase using an fha 203k loan. here's my issue that I can't seem to Google my way out of.The property is listed as having 4 units with the county but there are actually 5 units. 

If you have strong credit and a good relationship with your local bank, they might be able to offer you something suitable.For lenders offering DSCR loans that don’t use DTI, only cash-out refinance options are available.