The other 10k for a down payment will likely come from a private lender.

-Will my Private Lender who I would like to do several more deals with have an issue with me taking this deal?

If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

Timeline:Property 1 Purchased Jun 2016: Purchased for 5% down @ 255k, refinanced about a year later at @ 325k with some minor renovations completed, and got a HELOC Oct 2017 for 20k and had 20% equity in the property vs 5% when I had purchased Property 2: - Purchased in February 2018 for 192k and had it reappraised in March/April for $222,500 - This was super low based on comps and I asked for a review based on the brokers opinion of value as well and he said he could not review it- After this the lender informed me that he could not even do the refinance with the appraisal because my DTI was off- He recommended waiting a year or so until the rents from the new property show up on my tax return and to pay off some debt for the ratios to start working in my favorMy realtor provided me some provide private lending info who were able to offer NO refinance on property #2 but they could do a mortgage on a new property we were looking at for 20% down, & 10% interest.I did not have 20% ready to go as I was banking on the refinance for at least a portion of the funds and had to turn down the offer.Curious if anyone else has encountered these roadblocks and If I need to wait or if there is something I can do. 

Recently, I have been looking at some motel to studio apartment conversions and the numbers are amazing.

But if you are an agent yourself, I'd have a face to face conversation or two before going that "Nuclear" route.

Jonathan, When calling the potential sellers, what would you recommend I say during the conversation?

Thank you all for your quick responses, I will follow up in private messages later today - looking forward to us working together!

Once you’ve done this and had an honest conversation with yourself you can figure out how much you can save in a set amount of time.

Screenshot the conversations, take pictures of the broken TV screen, original receipt of the TV helps.