I think there are far easier opportunities in the market (non real estate related) that can get me a measly 3% net rate of return (You might as well leave the money in the bank or buy a treasury bond which is much less risker and hassle free than owning real estate)Lastly Patience & DisciplinePurchasing your first property, or even adding to your portfolio only happens when its right for you and nobody else.

I've called about 10 local banks in my area but all seem to require around a 20% dp.

To me, "subject to" deals are relatively low risk when there's no impending FC sale and if you're flipping since you'll be in and out of the property before most banks will know what happened.

Most of my properties are from bank foreclosures, but I have bought one from the sheriffs delinquent property tax sale for about 25 cents on the dollar.

Hi, I'm wondering what are some of the strategies the community has used when the banks will no longer provide mortgages on small multi families. 

You told me with a straight face that he felt the bank would let me stay in the house.

Am I looking at the wrong types of banks or is this just part of the process for any business lending you money?

Also might want to check into smaller community banks to see if they offer some in house construction type loans for owner occupants with less fees, etc. than your 203k loan.

Our realtor is fantastic, but the foreclosed house is owned by a bank and their realtor is horrible.

Keep in mind that when the economy cools, banks close HELOCs and don't allow further borrowing.