Then you can look to obtain other financing. 

I was obtaining a pre-qualification for a home loan, and was asked to sign the: Rate Lock Agreement,  Disclosure Notices, Servicing Disclosure Statement, Right to Receive Copy of Appraisal, Appraisal Delivery Timing Waiver, GFE Acknowledgment, Notice of Intent to Proceed, Flood Insurance Determination, Certification and Authorization, Transcript of Tax Return, Insurance Disclosure, Truth in Lending Disclosure, GFE, Housing Counseling Agencies Notice, Uniform Residential Loan Application.Should I sign these documents? 

I'm actually preparing to take my nat and state in a couple of weeks to obtain my license!

PURCHASER may cancel this Agreement during this Thirty (30) day period in the event that PURCHASER does not obtain a loan approval for the purchase of the Real Estate and Personal Property that is satisfactory to PURCHASER.

Hello Everyone,Are banks giving investors hassle when trying to obtain financing for multi-family properties less than 6-units?

I am particularly impressed with the time and energy you put into obtaining a first hand knowledge of your target market.  

I also think if you have the option to obtain a primary with low or no DTV it can offer a sense of security, so long as you secure that home in such a way as to insulate it from lawsuits such as a trust with the rentals in a different corporate entity(s).

cost depend on requirements from the state level county level to the local towns, insurance ie work and comp liability and depending may need additional coverage, some municipalities require the company to put up a bond to obtain a license, now the licenses, again depends, some states require town, county and state level license or permit to operate. equipment and tools, you buy the tools you use the most and rent the ones you use ever so often until you build enough capitol to buy them. you can start with as little as a few grand to 10s of thousands, all depends on what your looking to do and what the requirements are to get it going

Even if you obtain higher rents by providing them a lease option, I think this strategy would be rarely worth the hassle.

Good Morning Nathan,After you have acquired your personal residence there are sources where you can obtain a Home Equity Line of Credit (HELOC) for the equity portion of the property.Some sources require a seasoning period.