I usually will just add this to the mortgage amount and put Zero for the rehab costs.

We've gone through several years where both variables (T-Bills and LIBOR) have been artificially driven lower by never before seen Quantitative Easing and bank-friendly Federal Reserve policy.

I am in Oakland and they have a very strict policy when it comes to notices.

popmoney.com is free *IF* you can tolerate a 3 day hold from tenant PAY and the deposit to your account.also provides email or txt message when the request was made, which I like.

What is your late rent policy?

With delayed financing, you can pull out 75% of the homes appraised value up to 100% of your purchase price including all closing costs.Hopefully, if you buy right, you will have equity built up in the property already, and you will be able to pull out 100% of your purchase price for the property and have zero dollars in the deal.

It is against their policy for you to enter into a separate agreement with the tenant to collect the difference, if you did that and they find out they would ban you from the program. 

There are too many things both your buyers and your lender have zero control over that could put the earnest money deposit at risk.

Do you due diligence, and it looks like the cost to buy this house will be zero.

Factors considered: personal guarantee, LTV in first position, NOI on the property, my credit score, personal financial statement, @James W. if the bank(decision makers) likes you as a person, and some banks wanted a life insurance policy tied back to them on case the bus gets to close to me.