@Beth Anderson, You can use a FHA 203k loan to wrap renovations into the loan.

Contract for Deed | Texas Law HelpReason I ask is a contract for deed is a type of seller financing that the owner maintains title to the property until the loan is paid off.

However after running the cost it would be a 25yr loan of $33,000 at 5.99% and the monthly payment would be $150. 

Moving forward I plan on doing 2-3 flips per year which will be will be Cash deals with no loan.

If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.

Whenever you apply for a loan, the credit reporting agencies will give your information out to solicitors.

I have a prospective midterm guest who is an international bible college student wanting to rent our MTR from July - December.

Hi Andrew,We've been wanting to develop our backyard for some time, and are looking for partners to supply the gap funding on a construction loan.

Hi Hoa,Given the loan amount is less than 100k, HELOC is a more suitable option unless you need more capital.

A 4plex can be done with conventional mortgage, but anything above that will be a commercial loan.