These coaches/mentors will be more invested (they have skin in the game just like the banks will want from you when you borrow) and are a little easier to get a hold of when you need help.

Start with the bank that has your first mortgageGood luck.

I have a bank for the 1st one that I close on the 29th.

Here are how the basic deal looks: Home Depot $ 16,000.00 Credit Card $ 12,000.00 Purchase $ 57,000.00 Rehab Labor $ 22,000.00 Contractor Fee $ 5,000.00 Carry Costs $ 5,200.00 Refi Closing Costs $ 2,000.00 Total $ 119,200.00   The house got appraised at $140K so the bank lent me $105.

If there is no mortgage on the property, you could give the seller the money to install the septic as a mortgage in the 1st position to protest your money.When dealing with banks, they can complicate things so, the 203k could take some time or not even close the deal.Hope this helps

But, with that income you will run into the same qualifying issues with the banks as you would with other landlords.

I’m about to close on my first deal and the only way the bank would provide a commitment letter is through a partnership.

Then you act as the bank and owner finance the property to someone else, while collecting a down payment? 

When I spoke with my bank, I told them I was looking at a duplex as rental property and they said 5% was the minimum. 

I will find the property, get a conventional bank loan, find a tenant, do the repairs etc. and manage the property.