If you don't utilize a mortgage or deed of trust (depends on the state), then the loan is a personal loan.  

If that is true, you can but lenders who do this typically only do it with a rehabber with experience and a good track record.

Policies seemed pretty typical, we'll see how it goes.

are the utilities seperate?

Will,Did you utilize a real estate agent or a certain website to find this house in foreclosure?

All in total: $258,000Projected value $335,000+ (My appraisal report comes back in 10 days, I'll update when I get it)Refinance with 60k cash out for payment of $1750 / monthMonthly rent from basement apartment $1150Monthly cost ~850 a month after utilities with $0 cash left invested. $65,000+ equity in property. 

I typically have handled and enjoy the Analyzing, Financing, Negotiations, Systems, Automation of the business and year end taxes etc...

That typically is investors.

They will typically range from $5-$50 and are well worth the cost.

He also understands that I am an investor and not a "typical " agent which keeps any pressure off of me to bring in sales on a regular basis.