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. 

In fact, from my limited observation, procrastination seems to be fairly ubiquitous in our society. 

You can change the locks out yourself fairly easily, as long as everything fits up tight.  

Example you buy it at 85% of FMV (fair market value) lets say from a deal you acquired through a wholesaler for a fee equaling about 2% of the sales price so you're in the deal for 87% of loan to value (market value).From this example you'd only need to  pay the loan down to 75% LTV to qualify for a refinance with no MI (conventional financing).Or you can go MCM conventional and still refinance with no monthly MI as well (cannot own any other property).

The one thing I gather from getting a mortgage is so that you can obtain properties fairly quickly.