(Note its typically reduced by the percentage, so as an example if you pay 90% - $90k for a $100k loan, and the UPB was reduced by $1,000 - you get a $900 deduction not the full $1,000).But let's take a deeper dive into a LSA and some of the key areas - Specifically the section called "Representations, Warranties & Convenants" For both the buyer and seller. 

Also a healthy chunk of our sales are cash.

I expect the project will be a bit cheaper than the quote because I've been sourcing materials myself which were included in the quote and was able to buy new hardwood flooring on fb marketplace as well as buying nice hardwood cabinets from Habitat Restore that will be refinished instead of buying new plus a few other fun thrifted finds to keep costs down!

If you need to access some of the equity, a conventional cash-out refinance will have the best terms. 

When you put it on the market, were you getting under contract then the buyer would back out after inspections?

If the appraisal supports the higher resale price am I likely to get my full cash out of the deal?

The goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties, which ultimately will lead to a higher property value and a cash-out refi within the 5-year term.Do you happen to know of any good portfolio, bridge, and/or DSCR lenders, private or otherwise, that may be willing to work with such a scenario?

You need to sign a regular purchase and sale agreement with an assignability and marketing clause with you as the buyer.

The time it takes to get through the court system I find it may be less expensive. 

Especially if you’re putting down 20% for an investment property you’ll be very hard pressed to find a deal that doesn’t need a lot of renovations for $75,000.