Imagine it a bit shorter for your single story facade:https://i.pinimg.com/236x/51/1d/39/511d390350f72596ebc9bb57589a7e5e--traditional-exterior-timber-frames.jpg A nice box bay under a gable, with a standing seam shed roof:https://i.pinimg.com/236x/fc/94/c6/fc94c631e2df20dbb1fa117fea512c41--traditional-exterior-ranch-homes.jpg Example of a small, very shallow box bay with a shed roof (yours would be wider and taller), easy and inexpensive to build:https://encrypted-tbn0.gstatic.com/images?

The person above in this thread is 100% correct recent laws have made using buyers money to close out contract with seller is now deemed illegal and cannot be done but there is a way around that like everything else.if you want to maintain the old tradition of using the buyers cash to close out your contract with the original seller what you will have to do to stay within the law the new law that is, is to have your lawyer write out a promissory note to the cash and buyer securing them with your equitable interest making that cash buyer a temporary lender.

It was clear to me that Rich new EVERYTHING I wanted to know and although I wasn't getting paid (in the traditional sense) it was certainly worth my time to help him.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

@Carlos Pena It is unlikely that you will find a pre-foreclosure that would be a deal for what the people owe, otherwise they could just sell it the traditional way and get out from under foreclosure. 

A non-bank lender with a DSCR program is likely to be more flexible than a traditional lender.Best,Michael 

Don't expect to find a traditional cash flow rental on the MLS.

Cash flow as a traditional long-term rental is tough here, but there so many other ways to get into real estate investing in Colorado Springs.

Once that is complete, you can set up a Builders Risk policy and get traditional financing in place.

So that is holding up a traditional loan for me.