Hey all, I am a former "Big Law" attorney and real estate investor turned solo practitioner based in Houston, Texas. 

Plus, Ohio's landlord-friendly laws make it an even more attractive option!

The value of an apartment is not based on comparative sales analysis. 

We’re looking for an option than not only allows us to use GAP funds with these HMLs but also provides the GAP funders with protections on their investments that would be similar to the recording of a 2nd position lien. 

Hi Johnathon, Welcome to the community- - Majority of our investor buyers start with what their budget is and if they need / want financing, explore what those options are to leverage their cash. - There are flexible mortgage solutions available to investors that may allow for up to 85% financing.- work with an experienced agent to guide and assist in identifying properties that are priced well and can cash flow. 

We could overcome just about any challenge and still secure funding.With 20% down you would have a variety of solid options but some lenders would turn down the deal... which is fine, you only need one loan.With 15% Down you have an outside chance.

Be very, very, careful with state-based lists.

Pick your plan, look into the Kansas City area, use market comparisons, check your money power, look into loan options, put together a team, check cash flow, ROI, and Cap Rate, and make your bid after careful checks and talks.

There is a way to do shared access if you are not concerned about this.There may be other options out there, but this one does not require a plumber and is easy to install.

Based on the numbers you provided, your cost of capital is higher than your best case cash yield (cap rate).