A biography about Henry Ford mentioned that he and other famous rich people were successful because they had high sex drives.

Rich,thank you for the feedback.

Three things:1) After we moved when I was a child, my parents rented out our old house so I had seen RE work before.2) I am a mathematician and I'm compulsive about running the numbers, so I knew it was a good deal.3) I always knew that I wanted to get rich.

You will have to reach out to a lot more owners, but that would be a way to get in without a traditional loan. 

Aside from traditional debt coverage (i.e., PITI), we will save each month for CAPEX / MAINT. / VAC. as recommended in the BP calculator.Long term buy / hold strategyAfter Refinance Analysis: (includes CAPEX/MAINT/VAC)NOI = $29,592   COC = 15.9%  Cap Rate = 8.03%  Gross Rent = $3600 month    Expenses = $2710  (includes reserves)Monthly Net Cash Flow = $889   5-YR Annualized = 22.53%BP Community Questions:Is there a more appropriate analysis tool I can use for long term buy / hold new construction?

I know the general populous wants to hear that all you gotta do is say "yeah, I wanna be rich" and it's as easy as just buying a property, tenants bow down and worship the LL for the opportunity to enrich them, governance awards them medals of service for providing housing, money flows like honey and all is well.....

David Greene covered the topic on one of the latest podcasts as well confirming that 6 months is a traditional answer for a lot of lenders, but isn't a hard and fast rule, therefore I need to continue to search.Your 75% comment is interesting because many of the HML websites I have been on are all marketing their products around a % of purchase price plus rehab, not starting at 75% of ARV which might (ideally will) cover the entire purchase price. 

Commercial loan since we couldn't get a traditional mortgage on a condo What was the outcome?

Are you not able to secure traditional financing?

I've been debating the merits of STR vs investing in a buy and hold/traditional rental.