Nicole Hoss  financing for rental houses has really loosened up and come back in the last 20 months or so.. as long as you have a 720 fico and 20 to 30% to put down.. and 6 months to 12 months of reserves your in good shape.. and frankly if you don't have any of the above rental houses are probably not a wise thing to go into as you would be under collateralized and not able to weather a bad tenant situation. 

It is interesting to see the mortgage industry continues to loosen credit. 

its funny how regional the answers are.. but right now and I know this is an old thread.. but right now new construction is far better than fixers.. for this reason.1. everybody and their brother is chasing fixers.. and prices are high margins thin 2. there is extreme liquidity in the fix and flip mortgage market.in our markets that I work mainly  building new homes is far easier less competitive and more profitable.. and way more predictable  @J Scott  wondering if you have pivoted into new construction in a bigger way or still working flips.So for land there is much less liquidity for lenders doing new construction so all the late night TV folks and or smaller beginners are not going to find it easy to get a TRUE construction loan.. were as a beginner can usually get a flip loan no problem.. its loosening a little but lenders for new construction are not taking on new beginners or very limited experience generally speakingI like the fact that there are far less surprises you have a plan.. you have bids you have a budget and we pretty much hit the numbers most times.. way less surprises.. and the absolute game changer is the sub base is far and away more qualified and professional than working with low end rehab contractors that are so frustrating.. as well as under capitalized cant buy their own materials have no credit etc etc..  

@Michael Haas It is an interesting point when evaluating deals, perhaps I can loosen my criteria a bit to work within the existing market.

They had just loosened some restrictions (like parking) late last year.

Over time it will loosen up and short out on you.

In your case, I think you will most likely have to work with private or hard-money lending until banks loosen their tight grip in this space.

Screws on door handles, loosening up, or Refrigerators handles screws coming loose.

A few weeks ago my father-in-law almost tipped the toilet over... that must've loosened up the seal allowing it to leak water into my storage area of the basement every time flushed... yuck!

That creates a marketplace for E&O coverage for those professionals, and there are good policies that are worth buying.Policies differ from state to state, and exclusions tighten and loosen over time.