I chose to get a line of credit on two single family homes valued at only $60,000 and $80,000 rather than going for traditional mortgages as the origination fees were much lower and a full appraisal was not required. 

As discussed on many previous podcasts, posts most recently in the latest podcast and as general conversation, the discussion of private financing vs traditional financing.I have spend the better part of this year, thus far, speaking to lenders, daily, on the phone via email, smoke signal; basically, whatever means I could get, in a vigorous attempt to obtain financing.If it isn't one thing its another with these guys.

I am looking for my 5th mortgage and running into issues with traditional lenders.It seems a portfolio lender rolling it all up may be the answer for now, and further investments I am looking to do.  

This was strange because when I sold my house I got pre-approved through a traditional bank to buy a personal property, I am currently renting and would rather buy investment properties before I buy a home to live in. 

Why are you not going the traditional route(conventional mortgage)?

So without knowing all the details but basing the ones I didn't know on my house (exact same house) I came up with these figures running it through the BP calculator.This is all assuming I could get the house for a good price of around 185,000 (asking 199,000 and I paid 190 for mine about 6 years ago in better condition so may be able to get it for less) a little rehabbing (10k worth) would probably be worth around (210-220 conservatively)If I went the traditional routePurchase Closing Costs:$10,000.00Estimated Repairs:$10,000.00Total Project Cost:$205,000.00After Repair Value:$215,000.00 Down Payment:$37,000.00Loan Amount:$148,000.00Loan Points:$2,960.00Loan Fees:Amortized Over:15 yearsLoan Interest Rate:4.000%Monthly P&I:$1,094.74 Total Cash NeededBy Borrower:$57,000.00I know with renting my basement apartment for $1300 and what I could rent the rest of the house for I could probably get about $3,000 in rent from the house.The calculator put the cash flow around $800 per month (honestly that would be great but Id consider it a bonus because my goal is in the long run when its paid off to collect the rents for retirement and would probably use any cashflow in the meantime to re-invest in something else)so here is what I have in terms of fundsroughly $10,000 cash50-70k in equity in my home (based on what it would appraise for 210-240 owe 160)my thoughts were pull the equity out of my home for the down payment and maybe enough for any repairs.

Given their desire to sell (on MLS for a few months), the amount of equity I think is there and their high profile status, I think a traditional offer (low enough to have instant equity) aimed at reselling would probably be seriously considered.Any suggestions would be appreciated.

Generally you are not going to get a 3-7% down loan with traditional lenders for an investment property.

What method would you suggest is best for doing this short of paying cash or traditional financing...?  

I have had to write many essays about "why medicine?".