Fees/expenses and waterfall7.

Aaron,No you will not find a Bank/Lender that will go into 3rd lien position if you if did I would not want to see that rate in terms of "High".

As someone who has been working with investors for quite some time now some advice I would give you is to learn the lingo & things to learn1% rule75% ARVHow to calculate ARVHow to run rental compsHere is a fantastic website I use for all of my in state and out of state investors.Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Their interest rates will be higher and they collect origination fees so the purchase price of the property is key and determining your ARV. 

+1 for Florida :)I am closing deals currently for my buyers that are cashflowing and appreciating despite the rates!

Property taxes, insurance, HOA fees (if applicable), and potential legal or closing costs should all be factored into your calculations.

@Jim Miller Lenders tightened requirements and limited products since rates went up.

Quote from @Brandon Slaubaugh: If Duck Fund doesn't work out, I often find EMD for wholesalers.Reach out if you need funding.I would love to know more, such as rates, do the lend in NYS etc. 

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The time to do that was 08-2020 where you could brrr at low rates.