If someone here is exceptionally well capitalized, here's my elevator pitch for a non-qm mortgage product that someone needs to roll out - hit me up, let's put it together. 

Roll them up and off into another entity will work well.

There was a discrepancy with what the rent roll deposit amount said ($850) and the check I received ($775).

There was a discrepancy with what the rent roll deposit amount said ($850) and the check I received ($775).

If you're making $3,000/yr on that 100k (3% ROE) then it may definitely be a good time to roll that into another property or another investment with better returns. 

If a house will appraise for 100k when it is fixed up, then the bank will lend 75k.If you can buy this house for 50k and it needs 10k in rehab then the math will look like this: (assuming you borrow the entire 60k from a private or HML at 4pts 12%)50k- purchase price10k-rehab cost1k- closing cost Total amount needed after private money fees = 61kYour loan amount would be = $63,550 (This would be what you request from PML or HML to roll the cost of loans into the loan)Once your rehab is complete and you go to refinance you add in your closing cost (you can get an estimate of fees from you refi lender but my cost usually run about 5k so I will use that here) So you would end up with a mortgage note with a principal balance of $68,550. 

I’m trying to get the ball rolling, just green and unsure which path is best.

What I mean is that when I mention cash-out refi, or specifically, the delayed financing exception, I can literally hear eyes rolling into the back of heads.

We owner occupied and financed using 3.5% down FHA and rolled our closings costs into the loan.

It is absolutely baffling to me how many of my previous tenants have expected that (eye roll).