Total Closing Costs (J) $62,251.61 $0 YES Closing Costs Paid Before Closing$0 $0 NO Closing Costs Financed (Paid from your Loan Amount) $0 $0 NO Down Payment/Funds from Borrower$0 $0 NO Deposit -$1,000.00 $0 YES Funds for Borrower -$36,304.75 $0 YES Seller Credits$0 $0 NO Adjustments and Other Credits $1,304.86 $0 YES $26,251.72 $0 Cash to CloseSummaries of Transactions BORROWER’S TRANSACTIONUse this table to see a summary of your transaction.

I easily qualify for the loan, have the funds available for the down payment, and an 840 credit score and am wondering what the catch is because it sounds too good to be true. 

., Fund that Flip, etc. 

What’s the best way to tap into my investment condo to fund this second property?

Vanguard, I completely forgot about and their index funds.

My agent who is also the existing property manager wants to submit the offer with a proof of funds letter showing 20% down payment which was required by the lender.

I've been speaking with Jeff Greenberg at Synergetic Investment about participating in a multi-family syndication they are currently fund-raising.

Other than that, like Bob said, you can do HML, private funds, or find ways to pull the money from other sources.

Cardinal Financial will fund out of state investors.

so if your EM is just 500 or 1000 you will lose money going that route.. then if you cant still agree the title company or attorney at least on the west coast will send the funds to the local court with an interpleader..