If I understand what you're describing, it sounds like your lender is being particularly aggressive and probably does not want you to refinance out of his/her loan product, though that is your choice.

Originally posted by @Shawn Melis:@Blanton McGheeTotally agree with others, if you have POF and loan approval, ED should be no more than $5k.this is regional  in CA high priced areas  EM is traditionally 10% of offer price. 

After that, it's a pretty short step to BRRRR.The challenge with starting with BRRRR is you have to be competent in all areas of the strategy, versus a traditional turnkey purchase you really only need to be able to analyze a deal.

Hi guys, I'll preface this by saying I'm a new investor and I am trying to understand how I can use traditional funding on investment properties. 

Once I've secured a hard money loan and used it to buy/rehab a home, how do I present my current situation to a traditional lender when acquiring a conventional loan on the property? 

The requirements/underwriting process will be much easier and quicker than working w/ a bank or more traditional source of financing.

I do plan on getting a backup generator but there’s a one year backlog ughPlumber is pushing for me to switch to a new propane heater to heat both units.My concern is running out of propane and having the pipes freezing...Someone suggested to me that electric baseboard heaters are a good choice and cost effective.

Anyway, that's the basic choices you have when you are refinancing residential properties.  

Plenty of choice here, happy to chat as well.

If you’re selling a property and the buyer is financing, then you won’t have a choice and the bank will order it’s own appraisal.