The catches are: funds must be sourced (ie - any funds not shown on your bank account for the last 60 days (2 statement cycles) need to be explained - a loan is OK as long as no lien on the property); most lenders don't offer all the things Fannie Mae allows, so you'll need to talk to mortgage brokers who work with investors or investor friendly banks until you find one - even fewer allow the funds to be borrowed (within the last 60 days/2 statement cycles before purchase); the refi loan cannot exceed the LTV limit specified for the number of properties you have or the purchase price plus closing costs - whichever is lower, so if you got a great deal but it has significant rehab, you may be better off using hard money so you can maximize your leverage - or wait 6-12 months to season for a regular cash-out if you are not in a hurry to get the cash back out (NOTE: after 4 properties you can't do a regular cash-out, but you can use the DFE through all 10 available Fannie Mae loans - though LTV limits may drop from 80-75-70 along the way). 

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

It will catch up with you and you won't be in business long. 

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Mortgage fraud is a felony.With banks or any insured lending institution, there are "catch all" laws to protect them.

I hope it catches on!

Thanks for the catch Mehran, yes, not enough coffee yet, still great, just finding them in three years.

Eventually, you may catch such issues, fire the employee or change a contract, but the damage to the bottom line has already been done.

For example I am a principal broker and investor myself that specializes in larger apartment buildings and triple net leasing.So my clients come to me for experience with those fields when purchasing with retail etc.An expert will catch the little things that help you make a great purchase rather than missing a few items that take away from the returns.

You will never catch me building a house out of a magazine at a supermarket, only one off high design modern homes.