Using your primary residence as your own personal HELOC bank for BRRR strategies is very enticing.Tim SmithKennewick, WA

Yes, it's obviously a good thing that the economy is doing well, but I certainly do miss those housing prices circa 2011-2012... spoken by a true opportunist  :) also if you were building new construction like we are in Portlandia you would say thank god for the rebound.. much better to put those nice checks in the bank then right them to sell inventory  :)

The bank wanted 44,900.

Ask for bank statements so you can track the “Actual” incoming rents.

Traditional bank lenders - same thing, need  downpay. 

There are of course other hurdles here:  debt to income ratio, credit score, cash in the bank, etc. 

However, if you go with an on balance sheet loan (portfolio loan) through a community or local bank you should be able to get a product with no seasoning requirements. 

I don't technically qualify for FHA or conventional loans, so I'm hoping to explore potential other options for financing, perhaps portfolio lenders at smaller banks, perhaps a partner that would like to team up on a property? 

You can this same loan from any bank.

just got off the phone with a local bank and thats it.