Once you complete the rehab you get it rented and then you would typically go conventional for the refinance.It's a very tough market for HML loans right now so you'll want to temper your expectations.

While it's pending, I guess it is technically off market, but I don't think this is really what people are expecting.The fact that some of the most successful wholesalers in my area are doing this, really just proves that there are plenty of great deals to be had on the MLS.

Unless you have a lot of experience in searching and examining title is tough to be sure you have identified all the documents that may affect title and being sure what effect they may have. 

Jonathan, plenty of people make money as landlords in Austin but it is rough.Chicago has some very tough areas yet Austin has more murders than all of them -  Chicago Homicide 2019To be fair it's also one of the largest geographical areas and the north side of it is different than the southside of Austin.   

Funding is going to be tough unless one of your partners signs on the loan.

Find a private or hard money lender to aquire, then refinance out of that loan once you have a renter in the place and can prove cash flow to a lender (the cash flow can be used to boost your income and therefore reduce your DTI)3) If you have equity in your personal home mortgage, get a HELOC and that, combined with your $65k savings, may be enough to do cash purchases in the market you're looking to invest in.4) Try speaking to a local community bank.

Tenants with great credit reports will generally have emergency funds for tough times. 

Has your experience been that it was just as easy as it was pre-COVID@Jonathan New My experience after doing a raise after COVID started - it's going to be tough to raise money on a deal for a while.

Heard they even have checkpoints before you get into town to prove you are a full time resident or essential business.  

Finding agents to rent units is really tough.