Our traditional bank will not give us a mortgage and now I am scrambling to find financing.

There are a lot of little things wrong, like a nonfunctional garbage disposal and the dishwasher's soap dispenser doesn't pop and some other small items that will be fixed, but are so inexpensive it really isn't worth going into.  

Traditionally these are the exact areas that can appreciate the most.

You need an itemized breakdown on the reinstatement amount.  

I've been wondering if it would make more sense to put a tankless water heater into a rental property as opposed to your standard traditional tank.

However, you have to justify normal wear and tear vs. damaged items.  

I'm still trying to get the lingo down to see what options are available.Something I learned today from one of the Podcasts is you can get traditional mortgages especially if you're doing a buy and hold for the first few of them.  

You'll find out what is traditional I.

I can not get traditional financing, the purchase price is too low for lenders that lend based on property dti, and I am not willing to give him more than 15k down.The solution: Create a 2nd position note for 15k and a option to purchase in a year or two at 45k with principal and interest as a down payment.

One other thought is for a traditional loan the bank wants to see the $ in your account for 30-60 days.