The biggest challenge I can see for this is that I hear it's a pain in the *** for the seller to go through a local community bank and confirm their income for their approval for a mortgage, and there are local/community banks that will approve 95-100% LTV loans based on how profitable the deal is.

Many investors stick with traditional financing methods without realizing the impact of fees, slow approval times, or rigid terms that may not suit their investment strategy.

Not a stamp of approval but rather a confirmation that basic industry practices are being followed.

The Heloc for Better you have to draw 75% of the amount you are approved at the time of closing. 

Don't get sucked in to borderline applicants, make it as black and white as you can so you can approve or turn down with confidence. 

Once they are approved, they sign the lease and accept personal responsibility on behalf of the company.

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

I’m based in the NY/NJ area, and I’m exploring a few different options:1.Bank Loan – I know banks usually require steady income to approve a mortgage, but would a large down payment (maybe 20-30%) and good credit be enough to get approved?

To get pre-approved for financing, consider factors like neighborhood demand, cash flow, financing options, and long-term vision.Good luck!

What % of applicants do you approve to become a tenant?