I hope to use BP for receiving feedback on some non-traditional financing strategy's I've been researching.- Charles

If you don't have cash to pay for your deals or income to qualify for a traditional mortgage, you just have to find a different way to finance the deal.

And most banks require that this amount be equal to or greater than the amount that they are willing to finance.But then again when the buyer brings cash from whatever source he has there is no requirement for that insurance and you are right back to the CMV instead of financiable value or insurable value.The Currment Market Value for any particular home in the end is determined by only the buyer and seller and is based upon the home itself with all its unique draws to each of them regardless of what home values in the area have been traditionally going for.

Yes the government is always a hassle to deal with and yes Sec. 8 rocks in most cases.Just like a traditional tenant - you have your good apples and your bad.

You think that if you get in and just renovate one or two properties, clean the yards and plant some nice garden, they will all follow in the tradition of "If you build it, they will come".

As the church is the borrower, there is no need for personal income/tax/credit verification---lending decisions are made in most part by the church's cash flow using one of the two following approaches:- Traditional DSCR approach (common amongst commercial lenders)- Multiple Income approach (giving value to collections, donations and using a multiple ranging from 2 to 4 times the Church's total income as a basis to determine max. loan amount).

No it can not be done traditionally.

That is currnely not rented to count towards your qualification) I don't deal with traditional lending.

The question stated in the subject is one of the areas my mind considered....in particular the question is in relation to purchasing a buy and hold property via hard money or private money with the intent of refinancing.....my train of thought, and it is likely wrong, is that sense most traditional mortgages require 20% down, it is in your best interest to rehab the property to at least 125% of the original purchase price.

Unless you're in love with the style, I wouldn't worry about investing a lot into keeping it, it appears to be a dressed up box, that can be changed to any traditional style.