So, keep a good fund in an emergency operating account set aside for rehab-rainy days.

And yes I agree it does seem a little out of reach, as far as funding the rehab, what other suggestions would you have?

I also got a proof of funds from one HML so I can attach it to my offers. 2.

Hi Everyone,Been doing a ton of research lately, reading books, listening to podcasts, reading the forums, etc......It seems nearly everything I come across is geared toward becoming a GP, getting deals, raising funds etc......However, that is not what I’m looking for, I own my own successful company, love it, and not looking to give that up, strictly looking to invest. 

It may take as long as three months for a bank to provide the loan funds.

Much like a conventional brokerage, they hold funds and execute at your direction the transactions you choose. 

So my strategy would be to get a 70%LTV loan and mortgage from a bank and find maybe 1-3 debt investors to finance the rest.

I was going to just request a HML for just the purchase vs. the 70% ARV, as I can cover the entire rehab with my own funds but the cost difference does not seem to be worth putting up the extra $17,000.

For owner occ they have had pretty good rates and availability up to 90% of LTV.

we were able to take a line of 219k which was 80%LTV.