Sellers over price the property in their mind and belief, so it requires some negotiations once they are located.There are plenty of properties that have not been on the MLS to buy, but the techniques we use to buy them means we have equity at purchase and we don't need to use banks to do so.It does require capital, and an understanding of what makes for a safe investment.

For anyone else, it's an expensive and gross headache of a house. 

Hi Kristin, For DSCR loans, personal income is not required.

This is an admin fee that covers the increase expense and headache of marketing, showing, screening tenants, etc. - Tenants are responsible for the rent until the replacement tenants move in or the end date of the original lease. 

As a person who has purchased hundreds of mortgage notes (non-performing and performing) and done many seller finance deals let me tell you if this was the case wouldn't all banks require the buyer (their borrower) to get such a deed so that if their borrowers do not pay then they don't have to go through foreclosure.  

The more protection you have, the more expensive it'll be.

If the lender is requiring you to put 30% down on a flip, its likely because the deal itself doesn't look great and they would want you to put more 'skin in the game'. 

On what planet can you get financing for 19 properties where the bank doesn't require a full set of financial statements prepared by a CPA? 

I've always found it interesting as a young kid how people could own more than one house when houses are so expensive.

Although we may see more inventory hit the market as people can escape "rate lock".I invest in today's market by searching hundreds of properties on the MLS, then going to see the top 10-20, then making an offer on the best at a price where I can cashflow after all expenses and putting 25% down.