I am building a home in Florida. It will be a second home but also part time rental.  it wil cost 500K but homes exactly like it or some with  less upgrades are selling for 650- 700K quickly     Should i get a regular...

It seems that the institutional players will be developing technology to allow them to scoop up deals in markets all over the US.

I'm hoping to connect with others in the area who may lend some wisdom as we embark on this exciting, but scary, adventure.

Requiring a copy of the lease is standard practice for lending on investment properties, assuming someone is already renting it. 

I tried to do this about a year ago with a local Credit Union that had just started mortgage lending.

They would be able to explain it best and the process in which they lend money and repayment terms.

The property will be paid with by residential lending products and personal money, but how is the business part of this plan be established (i.e., creating a legal contract for rent/finding tenants)? 

The problem is it will have to be an all cash deal at first since nobody will lend on an incomplete property, but there is currently a loan on the property being sold.

I'm currently looking to purchase my first rental property and I'm not able to obtain conventional lending from a bank or credit union.Does anyone know how financing for a rental/cash flowing property works different from fix and flip funding?

Any lending referrals?