.- We hustled Shawn for a lunch meet / brain picking session :) very busy man so my deepest appreciation to him (I give him credit to get my gears turning)- Subscribed to BP - Still new to the site but we are so amazed of the tons of info, resources and amazing people to learn from that even for someone with a real estate back ground, I’m learning new things everyday.

He is here to start a new business and currently works at a restaurant making $45k/yr. his application is very good with a credit score 733 and previous yrs income of $75k-$100k.

I like to think of it as a revolving credit facility where I am the bank and I don't have to rely on an external credit committee and the associated red tape to draw from the facility

Hello BP,I have used the same screening service for my last two tenants and although the credit checks are  completed and returned promptly, the background check usually takes 5-7 business days.  

Even through the large losses I've managed to keep an 820's credit score, we'll see if that matters I guess.

I would be looking to get it at a low enough price, along with the home improvements done after purchase (also with 15%-20% down) to take out a home equity line of credit.

I have a prospective tenant with a credit score of 577.  

Talk to them first, but raise rent to market rent, background screen, credit check, and offer lease.

I have seen folks try for years to find these mythical private lenders and never do a deal because they can't raise a dime.what the OP is looking for is an asset based lender.. and those are not very common anymore.. especially if you have to find one on the internet means you don't have a track record and have little to no chance of finding anyone who is going to 100% your deal.. unless its just such a low LTV that they are making the loan with a better than 50% chance of owning it when the borrower can't pull it off because the borrower is not experienced and can't execute.  

That is exactly why I found a certified and licensed mold remediation contractor with a good track record, other than just for my own peace of mind (due to my allergies).