We will be self-financed, developing property that is zoned "by-right" for the intended use, using public water/individual septic tanks, constructing DOT spec roadways, installing concrete sidewalks and offering high-speed cable TV and internet service.

After about a week the resolution guy told me I have 24 hours to provide invoices for the services.

On assets like this the stabilized cap should be ultra high so with higher debt service the cash flow spread is still good.I hope you find the loan you need but it sounds like you are looking for miracle terms for the asset type and location. 

@Leonid SapronovWe have been the GC and builder of 1 Deltec home for a customer. 

[Not looking at anyone in particular of course].Having great credit, and great ability to service a 96.5% LTV mortgage, how hard can it be to save up that 3.5% deposit before buying?

I think Western Union or maybe Walmart Money Services should be able to do up to a certain amount with a debit card.

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

I did some real-estate work in NY for banking clients and I was shocked by how different the law and customs were between the two states.CPAs have it a bit easier since they mainly focus on Federal Taxes (which is uniform).

@Megan Clancy - Talk to your CPA, this should be a service they provide. 

I'd have to pay the regular cleaning portion, but the cleaning service will separate the bill and charge for excessive items, and I can charge those to the tenant.