NOT SURE I WOULD DO THAT AGAIN " keep building , rehabbing Flips and building the banker and Lawyer relationships to get a track record established and expanding from there .

Unfortunately for Nick, most "day jobs" don't pay near as much as an investment banker, along with the education required.

Met with the banker, who seemed impressed with the deal and indicated no problem with investor-sourced down payment; my only out-of-pocket expenses would be the appraisal.Then met with an accountant I liked and got on-track to have the books professionally kept. 

I'd suggest you get a HML on the matter or another investor and just buy it at 5K over the payoff.Of all cities to be messing in FC deals in the Midwest KC would be the last place since every banker around knows the number to the Regional HUD director I'd suspect.

If preparing a pro forma for a banker, they will want to see certain expenses that you might not actually incur.

Also, if you know a banker personally, maybe someone you go to church with, talk to them. 

If you've ever seen a banker model your property for financing, then you'd know this isn't a crazy concept.  

Find a mortgage banker can go to the max 10.

Before getting my current job, I interviewed with a Coldwell Banker brokerage in South Tempe and really enjoyed my meeting there.

Drop in rates boosts weekly mortgage applications 3 percentA drop in interest rates drives homeowners and homebuyers to the mortgage market.Total mortgage application volume increased 3 percent last week, according to the Mortgage Bankers Association.The mortgage market activity was buoyed by applications to refinance home loans, which increased 5 percent from last week.Emily Gaffney6 Hours AgoCNBC.com Getty ImagesA drop in interest rates drove homeowners and homebuyers to the mortgage market last week.Total mortgage application volume increased 3 percent on a seasonally adjusted basis from the previous week, but is down 25 percent from a year ago, according to the Mortgage Bankers Association.The increased mortgage activity was buoyed by applications to refinance home loans, which increased 5 percent from last week but were down 44 percent from a year ago."