Would it be roughly the same as when traditional banks foreclose?  

I guess I'm just interested in what the community thinks of our non-traditional rental option.

When (and IF) traditional banks ever decide to re-fi at 100%, we will most likely be where we were in 2006-2009 where our pets could get a mortgage.  

To help my clients succeed and aid in my own confidence as an investor, I needed to “have a guy” for everything.Finding A BankAs a Realtor, I worked with a number of traditional lenders writing conventional, VA, and FHA loans for clients, so I had a basic understanding of the inner workings of the loan process.

I don't plan to use traditional lending for my first deal, but maybe the right bank will have an option I could use.

Look into self directed IRAs, traditional and RothsSee sense financial @Dmitriy Fomichenko, a good teacher

So for opendoor to be comparable it would have to be more convenient and bring an equal or greater net to the seller than the traditional method.

My first question, would you recommend a traditional (20% down) mortgage or possibly an FHA loan that would allow for approximately 3% down?

@Chris MelearAn IRA owner must have compensation from personal services rendered to contribute to a Traditional IRA (IRS Publication 590, Individual Retirement Arrangements (IRAs)).

Where the rest of the money will likely come from traditional mortgages or even more likely, Hard-Money lenders.