I'm currently in the process of changing jobs to a commission based job (hence why I can't obtain conventional financing).

My goal is to obtain 7 properties in 7 years, but we'll see what happens.

Drive through East Memphis from Highland to Kirby through the Walnut Grove/White Station/Walnut Grove corridor, those are your good contractors and they have no desire to work in our space.I will obtaining a license to do work for other individuals next year as I realize the need for trustworthy individuals who will understand their are profits to be made in this space with good work, loyalty, honesty and transparency. 

I am not sure I would be able to obtain the same success in my current management styles and therefore margins dealing with the demographic you mentioned. 

I also certify that I/Wedo not have a conflict-of-interest with any other party to the transaction,including the realtor, lender, contractor, consultant and/or the appraiser.In addition, I certify that I am not obtaining any source of funds or actingas a "straw buyer" for another individual, partnership, company orinvestment club and I/We will / will not (circle one) occupy the residenceI/We are purchasing or refinancing."

We have managed to obtain owner financing on the land however, the owner has recently placed an addenda to the contract stating we must fully pay off the land before we can build upon it. 

We have to refinance regardless to remove her brother and add me so I was thinking we could do a cash out refi or Home equity loan to obtain cash reserves.

@Lee Nugent I need all the information I can obtain!

And since I purchase duplexes for cash flow, I don't mind paying PMI for being under 20% equity -- the main goal is to obtain properties with lowest down payment as possible that will cover the mortgage and expenses.

Hi Aaron,I think you will find it hard to find something like that here.I do know that WF has an unsecured LOC for a max of $50k per SSN but the rate is in the mid to high teens but I have heard people talk of lower rates.I know that some people have obtained secured LOCs with some community banks like Chino Commercial Bank.Good luck and let me know if you find something.Cheers!