@Brian AshThis is very common now as most lenders are getting crushed on commercial side and recognize the residential side is going to have some pain and they do not want to get stuck with investor loans with no personal guarantee as that is what people walk away from first when they get in trouble.

You know what I think is a crime, the fact that it says “this note is legal tender for all debts public and private” on the front of every dollar bill. 

I would speak with a lender and see what your options are - also they will be able to tell you exactly what you would need to do to be able to qualify. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I thought my average profit of 30k per house was good but when you consider that lending favor building over flipping and how easy the money is to get to build vs flip the logic is undeniable.I've now spent the last year and a half selecting the designs, building relationships with the right GC, lenders and suppliers and am ready to start building some houses.Who's in? 

Do you think you could get those loan terms. 6.13% is pretty low right now and you need to search to find a lender who will do small loans under $50 or 75k.

You can trade contractors, lenders, etc.Then fill in your keywords so that you will be notified of topics that interest you.

You will find lenders out there who have different max leverage requirements 75-80% lt cash out depending on DSCR, seasoning, FICO, etc. 

They claim it is private information and can't be disclosed.

@Billie YoungTo answer your question a private lender cannot create a reverse mortgage.