However, products and bank appetite changes frequently, so it's worth it to call every single one.If you call enough of these, you *should* find an investor-friendly bank that "gets it" and makes purchase+rehab loans for 75 to 80% LTV, with quick closes and instant-issued pre-approval letters to back your offers, at a very reasonable level of closing costs and a good personal relationship with a local banker who can make decisions.I was just hooking up with a bank in my area who does the following:1yr ARM at 3.99% fixed for 1 year3yr ARM at 4.99% fixed for 3 yearsNo points and no prepayment fees30 year amort. schedule and final maturityAbout $500 in total feesRehab portion released as work is completedIf you decided to keep the property, the floating rate terms (after the 1yr and 3yr periods) would be 1yr Tsy+375, w/ 2% annual change cap, 6% lifetime change capNo balloon, straight 30-year amort.Once you have a little more capital, you'll likely want to make cash offers to improve your negotiating stance, so you'll want to make sure that that the bank will come right in behind you after the close, do a cash out refi and fund your rehab at the same 75-80%.

This would allow someone other than the fee owner to build a building and "sublease" it to a tenant, a structure frequently used for Fortune 500 clients who have good bankable credit but do not want to build, own or operate their own building.

And low turnover means less frequent leasing fees and move-out costs (which are included in the maintenance rate).

If I remember correctly there is a meetup every 3rd Thursday @ 6pm at the Caribou Coffee off Ingersoll in Des Moines.I don't frequent them to often since I'm out in Denver, but whenever I'm in Des Moines 2-4x a year I try to attend some of the local REI meetings.  

About .5 of a mile down the street from this complex is where I have frequented for fine dining!

We would the weather for hail storms, which are frequent in Texas, then race to the library to get the Haines listings and beat all the other companies to the work with a simple phone call.

Here is what I tell everyone frequently on BP1. ask for comps--and VERIFY them2. if they give an ARV, ask for a WRITTEN bid from a contractor3. ask for their license and insurance (not a driver license as one "wholesaler" proudly stated she has4. ask to see a copy of the contract proving they have an ownership interestI have made quite a few of them mad because I post to help protect people from getting screwed by these operators.

@Ramin Yesharim - something you might consider in your research is the question I see asked most frequently about the BRRRR strategy: where to find a lender who will do the ARV refinance to get your cash back out in less than 6 months?

@Robert Musallam Do you frequently work with investors? 

I am frequently traveling between Seattle and Park City, and would like to invest in flips, SFH as well as multi family.