If anything, not having other properties may help streamline the financing process especially for conventional lenders not experienced working with investors. 

So if you have good credit, and the asset is good and the deal is good then 90%/100% isn't out of  the questions.So let's say 97k purchase, 60k rehab, ARV 220k.If you get 90%/100%Loan amount 147,300 (87,300 + 60,000)Your down payment: 9,700Origination Fee: 2% - 2,946Service fee: This includes a legal fee, underwriting fee, processing fee, etc: 1,500Title Costs: 1,000Insurance costs: 500 - 600Interest Rate: 11.5% - 12%Payments: 1,000 - 1,400 per month.  

So, if you knew right away the numbers didn't add up, you're the type of person that realizes that properly bought, you can make money on almost any property. Engineers and emotional people rarely make money on real e...

Out-of-Town Buyers: I understand the unique needs of buyers looking to relocate or invest in Northern Michigan from afar as I personally went through the process when we moved to Traverse City in 2017.

just trying to automate my evaluation process and make it faster - finding the right property is a numbers and right markets game, and I need to evaluate at scale...  

I don’t operate off of emotions, just facts. 

  - What is their underwriting process and lending guidelines? 

To my understanding the commercial loans closer quicker and are an easier process overall with an average interest rate of about 5%.

In the loan application it asks if borrower has another debts or loans etc in process .

I will be in the process of looking for my first rental property this year.