These vary by situation, but the most commonly requested documents are: Several months of statements for each bank account a borrower holds (including any investment accounts)Several months of statements for any outstanding loans, lines of credit, or other liabilities.

Example:  If you have a choice between paying $100k for a property or 20k and leveraging $80k, you are far better off only spending $20k.Numbers:  $20k down = $200/m or $2400/yr; $100k down = $400/m or $4800/yr.Buy 2 properties using $20k down for each and you have the same cash flow as the $100k DP option. 

Of course, there will be a premium attached for their work, and you can expect to pay cash or equivalent (hard money or line or credit), but this is still a great choice for someone who doesn't want to (or can't afford to) do all the work of marketing to find motivated sellers.

@Matthew DrouinYou as sponsor need to be strong enough to carry the personal guarantee yourself, or some lenders will bypass personal guarantees when the borrowers capital contribution is at least 50%.

@Paniz Kosarianfard I have a client that moved from Dallas to the Bay Area and I don't think the Bay Area would be my top choice.

Is there any difference in taxes if I report $20k net profit made with:a] 100% personal cash (savings)b] 75% borrowed and 25% personal cash?

However if the roles were reversed, I would feel quite insulted that you feel, I as a seller can't make my own choices.

. # or properties in the blanket, max # of properties, min. value per property, min. loan amount, vacant or fully rented, location of properties, dscr, whether the borrower owns a primary residence or not, etc.

IF you are finding super great deals, get some friends who have big self directed IRAs also and borrow from them.

. ;-) Thank you again for sharing your story, and congrats for doing something that may not have been “the popular choice,” but without-a-doubt was the fastest and most effective.