I am currently witnessing the latter with my friend's addition(over 2yrs in the making). 

For example, if a borrower is refinancing a $100,000 mortgage, the closing costs will range between $3,000 and $6,000"In addition I found this, "The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan.

Before purchasing it's giving me the option of adding additional output fields.

I am not looking for them to use thier credit, but  only seeking additional finances to help me fund my 1st deal.Any suggestions, things to beware of etc......all greatly appreicated.

In addition, you will be far less efficient.

Feel free to PM me if you need any additional info.

There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.  

We are also working on other deals together, so there are additional benefits to both of us.  

You'll find that many often require substantial fees in addition to your monthly payment in order to finance projects outside of their normal scope.

Do you know other investors that are interested in this type of rental property or are you yourself interested in additional properties of this nature?