If the property is owned less than 12 monthsWill lend up to 80% of the original purchase price and rehab amount if material improvements to the property have been made.Will lend on the original purchase price if the property has not been materially improved"I think you're right though, they may cut the ltv to 70 and not care too much.There are other lenders that have long term financing without seasoning, is generally easy to qualify (many don't have any income requirements) and have reasonable ltv's, but they are not cheap in rate or points@Andrew Hunt PM me and I'll point you in the right direction given your circumstances.Stephanie

On any members profile there is a link "Report Abuse" that you can report it.However if you post your email on the internet understand that realistically it will be harvested.

Calling being the first, and then scheduling a time to get out there in person once I have my business plan and supplemental materials in hand. 

@Stephen Masek  You will only need that hazmat survey done if the building is old enough to contain those materials.  

John, I am in a similar situation, looking to diversify out of SFR in my local market and towards small investments in commercial real estate through crowdfunding but I am also not yet an accredited investor.I've found a ton of great information browsing BP as well as a lot of good informational material on a site maintained by @Ian Ippolito -- He provided this advice in another forum: "If you are nonaccredited, there are a lot fewer national choices: Richuncles, RealtyMogul and Fundrise.

Go check out Open Houses and pay attention to pricing, what are the finishes (materials, quality, etc.)

The implied warranty of habitability requires landlords to maintain their rental units in a condition fit for the “occupation of human beings.”86 In addition, the rental unit must “substantially comply” with building and housing code standards that materially affect tenants’ health and safety.87A dwelling may be considered uninhabitable (unliveable) if it substantially lacks any of the following:88• Effective waterproofing and weather protection of roof and exterior walls, including unbroken windows and doors.• Plumbing facilities in good working order, including hot and cold running water, connected to a sewage disposal system.• Gas facilities in good working order.• Heating facilities in good working order. • An electric system, including lighting, wiring, and equipment, in good working order.• Clean and sanitary buildings, grounds, and appurtenances (for example, a garden or a detached garage), free from debris, filth, rubbish, garbage, rodents, and vermin.• Adequate trash receptacles in good repair.• Floors, stairways, and railings in good repair.In addition to these requirements, each rental unit must have all of the following:• A working toilet, wash basin, and bathtub or shower.

SC covers maintenance but we have a few obligations too including maintaining Internet connection even if house is vacant, etc.We really like the house and think we are getting a bit of discount for the solar being there, so want to make this work.

It takes twice as long, is half as good, and the material cost is about 20% higher.I'll continue to do some of the work myself because I enjoy it and I think the education is helpful for future decision-making, but I'm aware that it's an expensive hobby to do my own work.

The material you should be able to look up for the most part and measure how much you need.Good Luck!