Meanwhile, I would purchase it from them for a fair value, put cash into it to fix it up, and increase the rent to make my profit. 

I have been trying to think through this mental exercise a fair bit lately.

Hey BP CPA's,I'm a DIYer when it comes to taxes (please don't yell at me) and until now my taxes have been fairly straightforward.  

I think that's a pretty fair and accurate description, @Rob Cee

Looking forward to hearing about your successes and perhaps we can continue networking as I'm fairly new at this as well. :)All the best,Elle 

Fairly common. 

I didn't experience any issues with the appraisals, but the UW process was a bit tedious, but it was being outsourced that time.I've gotten quotes on loans since then and I speak to my rep there fairly often so I have a good pulse on what's going on there and I'd say they're much improved, but I can't speak as to what how the loan process is currently, but for those who have limited access to blanket loans via a conventional bank I suspect that the ability to secure this kind of financing makes most lender related hiccups a mute point.

Private money is a bit cheaper (usually 4-5% less), and harder to find (requires good networking skills).Most hard money lenders have a brick and mortar location and should be fairly easy to find.

Fairly cheap, if your credit is okay.

i just think the public needs to be treated fairly, not led to believe they are getting something they are not.