There's a reason it's hard to get funding for this type of investment - the risk is huge.I know that's no answer to your actual question, but I definitely question your desire to do this.Good luck to you and please let us know how this turns out!

There are numerous reasons why this should be the only option, outside of the friends/family discount.

Personally, Since I started out as a loan officer and I've seen all kinds of reasons that sales don't close, it doesn't surprise me when it doesn't close and I just move on to the next transaction.

But now I'm hungry for a repeat -- I want to acquire a reasonable rental or duplex/triplex, make it nice, and rent it to a decent tenant.

The lender is not damaged and presumably the owner was there long enough to satisfy the time requirement.Any *misrepresentation* on a bank loan, like intent, (reason for the loan), income, addresses lived at, rental history, amount of money in the bank, assets, liabilities, employment, time on the job, number of dependents, source of funds (the common things people lie about on applications that get them into trouble) etc, etc are potentially mortgage & wire fraud.

I do it too, so no worries.Bottom line is with the quality and amount of free or cheap education available on the internet, there is NO reason you would ever need to spend $50K on a guru program. 

But I know I'm I know what the reg says and might be unfair.Looks like there is one more reason to get a LLC so that a cash investors can treat the cash as a contribution to the LLC first and buy the property.

View report*This link comes directly from our calculators, based on information input by the member who posted.The reason it is 0% down is i have the ability to do 100% financing.

If unit access is not granted with reasonable notice, issue a Notice of Material Breach. 

They’re so desperate to sell they lost their reasoning.