How I do it is through selective screening and I have been 100% successful.By instituting certain screening standards it will naturally eliminate the vast majority of non target applicants.For example young couples with children will generally have lower credit scores. 

The note seller will probably require you to sign an NDA first.We buy in bulk by large trusted institutions but we also sometimes pull lien reports.

Push the 750 immediately to 725 and move the other up to the same over the next 8-12 months.Make sure you institute a annual rent increase going forward.

If the institution's require signed and notarized documents it may take 5-7business days.

I was wondering if there was any institutions that you all would recommend.So far I’ve spoken to Navy Fed (their max is 100k) and Wells Fargo (their max is 60% of the property value).I’m based out of DC but originally from the Bay Area.

The advantage for other investors is they can bypass all the restrictions and demands of a lending institution.

Many institutions want to see  you own the property for a year before they would refi at 80% of the appraised value.Is the rehab money in the bank or will it be borrowed? 

I enjoy the Urban Land Institute report: Emerging Trends in Real Estate®.

Hi Kent, was the note originated by a financial institution or a seller carry-back?

If that is variable state to state or institution to institution, then it may be worth seeking another mortgage guy to investigate cash out refinance options.