So traditional thought would suggest 3 bedroom 2 bath units with 2 car garages.

Traditional mortgage.What was the outcome?

@Miyoshi A Peak, you keep seeing terms like "creative finance" but the reality is these deals are far rarer than traditionally financed deals.

I’m starting to understand why BRRRR is so valuable however I am confused on why you can’t borrow against you investment the same way in a “traditional” investment as you would the BRRRR method.

Inquire as to non-traditional credit items that don't show up on a credit report such as utilities, rent receipts, buy here/pay here car payments.

If you're trying to get a traditional Fannie/Freddie backed loan from a typical bank that is selling REOs, they're going to look for a 680 credit score and about 20-30% down these days...

Most traditional lenders will not allow a second mortgage on the property for the downpayment especially is the combined mortgages equal 100% of the purchase price.

I have been using traditional commercial loans (i.e. 20% down, 20 year amortization) to finance our real estate purchases through a credit union. 

So if your going to have a only a few properties you may want to use traditional financing and look at an Umbrella Insurance Policy for a higher limit. 

In hindsight, that was a way better decision than if I decided to fight it and get into a mud wrestling match with them.