Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

Hello everybody, I am looking to purchase a property with a section 8 tenant, and the rent is way below market at about $800 for a 3 bed house, while an average rental is about $1300 to $1400.

One year is a blip for an RE purchase.  

For example: Using $500,000 as the purchase price, the difference in your DP is $50,000.

We did purchase a SFH to live in as we have grown our family so we would no longer be house hacking.

Is it pretty common for larger mutlifamily to have big AP?   

You could do delayed purchase financing, this would allow you to refi without the seasoning but you would only be able to pull out 80% of what you paid + 80% of your completed rehab.

Im in the process of purchasing a brick 2 unit from them.

The recent high inflation rates over the last several years have increased my income and equity beyond my initial projections at the time of purchase.  

Recommend you first figure out the property Class/Risk you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.