Instead, you should calculate ARV the traditional way and see what it would be worth now.

What I am trying to do is get this done without taking cash out of my own pocket or going through a traditional bank because they are not willing to work with me.I've got a property that I am able to put under contract today for 45 days (Property 4).

As I am brand new and going from being a Traditional landlord to wanna be Wholesaler and later Rehab/flipper.

Many hard/private lenders can fund a deal in a matter of days where a traditional lender can take weeks to give a final approval on a loan.

I might even match the ceremony it with the demographics of the area, whether they are traditional Catholic house blessing or feng shui types.... be worth the time  and expense IMHO....

@Tim Cooper I think you should go for a low down payment mortgage rather than a traditional conventional loan that requires 20% down. 

I don't see a traditional lender doing this.

My signature line of "it slowly dawned on me that we won the appreciation lottery" was taken from a Honolulu "investor" that ran all the "numbers" he wanted to but not the ones that really count if you are really in investing for profit. 

Also @Dave Foster, @Upen Patel Do either of you know if in a 1030 exchange from a single-family property to multiple properties has the requirements of purchasing investment property through traditional means, such as a six-month emergency fund for each property?

Hi,We are looking at an REO property that will not finance traditionally.