He has tried on his own via a B&I program but local banks didn't bite.

Even the seemingly easiest deals -- one loan, "pre-approved price", BPO in hand, etc -- can take months.So, yes, you can expect answers to the factual questions, but don't expect that to necessarily tell you how long you can expect the transaction to take.

This sounds like a guru program in progress, and I commend you for dialing for deals.My guess is you are just getting started and this seems very risky.

Shahriar Kiamanesh I think flipping condos are a little more risky then single family homes due to the reasons you mentioned such as HOA carrying costs and possibly working with contractors that the complex approves only.

After months of poor communication and performance on their end, I finally got final approval to close on Friday, July 19th.

Now, keep in mind that was just two programs at the federal level.

I have seen a few people here discuss getting a conventional loan on a property titled to an LLC by recording 2 deeds approved by the lender, but I have not personally seen this approach executed.

There are loan programs which offer alternate and reduced income documentation.

Are there certain lenders who are more likely to approve low down payments than others?

I saw Dave speak for a couple of hours a few months ago and their info seemed decent, though they are going to pitch you HARD on the boot camp and coaching program and whatever else.