So when they lend you that $96k, whatever you still owed of the $82,025 you borrowed originally gets paid off, and the balance is handed to you as cash (or, credited to your account)!

I would hope you do some sort of background check besides a valid credit card.

(at least these are figures that I seen).Appraisals usually range from $500 to $1000 depending on the size of the house(at least from my experience).If they are really charging $3500 for a loan origination fee - I would shop around for a smaller bank and even some credit unions.

question is for mortgage lender... but there are loans for one year tax returns great credit and some cash in bank

I found a rental investment for $76,000. my credit score is about a 706. is it even possible to purchase?

You can get the deposit in two formats; credit at closing, or a check.

Your renter can pay free if they pay by bank account, however if they pay with a credit card they pay.

Credit Cards?

Have you looked into Credit Card financing?

I'm thinking this would be beneficial as I wouldn't have to worry about the tenant not paying rent, I would be building equity over time in a market it would otherwise be very difficult for me to enter, and I'd be able to minimize fees by finding the lowest cost property management possible (as I wouldn't need to worry about tenant screening, etc).