We wrote the seller a letter about the appraisal challenges (bank not lending above appraisal, and that other buyers would have the same hangups) and they accepted our offer at appraisal price of 170K.  

@Bryan C.I would lend on a minor rehab, like fixing an outdated kitchen, $10K to $20K, quick resell, make 10% in 2 months, do it 5 times a year.Either you or a REI goes to expired listings, offer to buy house with dated kitchen or bathrooms, You give a note for equity, use your IRA for rehabFix and resellYou get your IRA money in 2 months plus 10%.

Big hedge fund backed companies like Blackstone Group and Colony Capital are getting into lending...

I would consider diversifying into lending as well. short term debt deals that pay 10 to 15%... you could hook up with a good RE broker in CA and make nice passive income without the TTT  hassles. 

In the meantime I'm just focusing on short term lending and make anywhere between 10 - 15%. 

Liquidity: Many financial institutions will ensure that they have cash on hand and available credit lines to support paying off all short term debt.

Hi, I need referral for a good attorney that deals with foreclosure, I need to foreclose on some properties that I am lending. thanks.

Lenders I sort of answered this in A but you're asking a bank to lend money secured by you to purchase a property that you won't own.  

From a lending perspective, you would be much better off if she was hired to a traditional W2 job. 

Meanwhile, he plans to buy a house as an investment to set himself up for conventional lending investment where after you have managed a rental for 2 years (showing on your tax income) then when you next buy, as an investor the potential income from the house is added to your actual income.