Flippers often do this when they stumble upon a house juuuuuuuuuuust good enough for traditional financing.

So what's the extra risk in my doing a refi to get my cash back vs a traditional loan where that same cash just isn't used?)

Hello BP members,

I was actually content with my life prior to contracting this "REI virus." My wife and I have good stable jobs. Her student loans were take care off. Mine is taken care off as long as I stay with m...

I'm aggressively saving money with my wife (her portion goes to traditional investments) whereas mine will be for real estate investing.  

Thanks for that idea.My first thoughts on this was to make my pitch appear as much like a traditional LT tenant to the property owner - just to tamp down the dissonance.

@Matt Bailey,It all depends on your goal and strategy... if you're doing a traditional investment property, banks will want to see 20% down, and 6-months of reserves (including the new mortgage) available.       

Thanks, @Matt Motil - I am actually getting increasingly disheartened about using traditional buy and hold to accomplish my goals. 

New owner).I'm still waiting on my offer to be accepted but before placing an offer, my due diligence was to make sure I had a contingency in place since there are things like ground rent in my area hat I have to also consider as well as an astringent City Code/Housing office that notoriously places liens that don't show up right away.Not sure if this is helpful for you on this current transaction but it may be helpful to spend the few extra hundred dollars for the enhanced title insurance when purchasing in all cash or on non-traditional (I.e REOs//estate/divorce) properties.

I note similar town-homes with traditional tenants rent for $1,200 in the area.The Third property is next-door to the first, and the details are the same.

Is there anything that would make it difficult for us to get a traditional loan after?