@Ed Ma what is the remaining term of the loan?

If the loan amount is less than 500k, there is a lot less lenders that can do these types of loans compared to 1-4 or 10+ units and rates tends to be higher.

These specific loans allow me to assume/get her off the deed and the loan without a refinance (it's an amazing loan through Mountain America Credit Union) The CG is calculated into the appraised value. 

Then I would get the bank to loan you the down (800k) on a first lien plus another 100k. all in you would owe 1.7 and walk away with 100k cash to get right into it and fix it up.

At least it sits on their credit report and prevents them from scamming another landlord or qualifying for a loan.

We used a hard cap lender that financed the purchase as well as the rehab loan.

The only reason I am hesitating is that the loan officer wanted to run a hard credit pull even to send me a term sheet which was really strange.

It’s a big decision and shouldn’t be taken lightly…because you are right- it’s going to take time, effort and money (by way of loans/debt) to get that MD/DO.

I'm what people might describe as a "jack of all trades, master of none" (although at this point, due to my current career, I have a fairly deep understanding of interest theory, loan amortization, assessing risk, and certain other financial topics).

Jerry, multi-families small balance loans mainly and financing that makes sense below 7% with longer terms as we buy and hold.