Nathan Build a floorplan or style of property that allows for this to happen. this is just development. buying land, entitling it, building a single or multi (most the time multifamily) and refinance equity out.

There are meetups here that allow for networking with wholesalers and others in the investor space here. 

The current lender on the property is willing to allow us to do a wrap around.  

Townhome is newer but you own less in terms of the land sqft + higher chances of having HOA vs SFH where you own more of the land and more opportunities to build ADU/DADU if the state/county allows it. 

@Edwin Saldivar  We have a no seasoning product for non-owner occupied property that would allow you to pull cash out based on the new value.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

The cash flowing houses allow us to buy those houses that build more wealth. 

They will pay high prices to meet needs that are not income producing - they are shopping for a different product that is provided from the same stock that our income properties come from.2. having deep enough knowledge of the neighborhoods to allow us to recognize a good deal takes a lot of time.

You can do this after you close on your property just keep in mind not all loan programs allow to close or Quit claim into an LLC. 

This would allow the tenant to qualify for the homestead exemption as if they were the owner of the property.