If you have to think that hard to create a scenario, most likely it is impossible in reality.Lenders are simply not set up to do things in unconventional ways.

Impossible to complete!

Out of state professionals who are looking for a better investment vehicle for their retirement funds than the stock market or CDs.

You should be able to understand your investment vehicles.

Taxes, HOA dues, tenants, mortgages, PM's, LLC's, etc, would be nearly impossible for my wife to figure out on her own.How do you organize your business in the event a guy driving drunk back from the bar decides to end your life early?

Jason, yes, the 1% I mentioned would be the 2% rule, however, in CA, that is next to impossible.

The bank will ask you to put up 20% of purchase price through some asset whether it be equity in a family members home, vehicles, or in a cd at a bank.

Anyways, when I met with the last one today she spent the first 10 mins of the conversation telling me how this was virtually impossible, then she came accross a statement in our paperwork showing 200k in investment accounts and her whole tone changed.I told her we are open to creative options to get the financing and she said they may be able to work with us on a cash secured line of credit.Is anyone familiar with this type of financing?

you just have to offer enough so that it pays off the mortgages..not saying these deals are impossible to find, but they are few and far between...most leads that call you will be overleveraged and underwater (shortsale situations)...there will be some where you will have to be creative, as in sub2, owner finance, etc...then finally, there will be a few hopefully that don't owe a lot, but have a ton of equity, and don't want the hassle of fixing up the property to cash in on the equity, or listing with a realtor...again, it will take a lot of leads to find this unique seller..good luck!

Not impossible, but doesn't sound like that's something you've done and you will need her cooperation.