If your financing, work I don't recommend working with a large bank.

You'll need a large reserve fund to absorb unforseen costs.You'd be better to buy the deal using bank debt -- I'm happy to introduce you to my contact at TowneBank.I'd argue market cap rates are closer to 7.5%.

. $330,000I also have bank deals that are exclusive and all over the country I'm looking to put some packages together on.

You may not get "bank rates" but you can pull 60-70% of the appraised value out on a 30 year fixed.   

I have done research but am still on the fence about how much to have in the bank before purchasing a rental home.

So if Im out doing the work for a rehabber and I go to foreclosure auctions or the bank these are  Some questions I have (1) What is a redemption rights when it comes to foreclosure property? 

Sending a paper check to my address would also be acceptable.I do know that he could go online and set this up himself with his bank. 

I doubt I can get a bank to finance me because I'm self employed and since I just began a year ago I don't have current tax documents to prove my earnings. 

I'd be happy to connect you with the bank I use. 

I happened to visit my friend in Denver this Mar and talked to a realtor and lender (first bank).