That, and lots of refi-only loan officers don't know what they are doing, but have been forced to offer purchase mortgages because no one is refinancing, so they just regurgitate FHA rules as if they were applicable to conventional, because they do not know any better. 

In Washington state right off the I 5 corridor .. my land partner got into contract for 65k ( infill lot that could handle a duplex or two units) put it on the MLS ( which is how you get top dollar) sold in 3 days multiple offers for 110k netted us 100k so 35k net profit .. which I have a formula to split with the acquisition partner. ( PS its always more to them than me) but bottom line if you can fill your pipeline its easily a low 6 figure to mid to high 6 figure when you have a capital partner like myself.. or someone else.. does take a fair amount of capital though usually 500k to 1 mil in cash to make that kind of money so thats where we come in.

Considering out-of-state areas can offer more affordable investment opportunities, but it's essential to thoroughly research and select the right market for your investment goals.When evaluating potential investment areas, consider factors such as job growth, population trends, rental demand, affordability, and landlord-tenant laws.

If you've ever considered investing/owning here let me know, would love to help offer insight

‘I assume this person is offering 10-15% more than you could get in a regular sale?

Hey Gang,So I've been a mortgage broker for several years in the CRE Lending space, and I have capital partners I work with who offer 100% CLTV funding for bridge loans or short term, I/O financing.

Isaac, definitely take Lucas up on his offer of a call, you'll learn a ton!

Hey @Dan Adams, ADU's in Portland are still a newer topic and builders are the ones who are savvy enough to have figured out the rules to market to homeowners efficiently what they can offer.

I would be more than happy to see how we can assist.Hi Ryan, (I know I’m 8 years late) but does your company offer scope of work consulting?

There are definetly DSCR lenders should be able to offer an IO and ARM mortgage.