Last night I got an email from the loan officer telling us the underwriter says the loan looks like predatory lending and raised the rate by 5/8 of a percentage.

When I'm done with the rehab, I rent out the property and refinance into a conventional loan.

Second home loan - only 10% down!

I am debating on whether to just apply for a loan or use my equity/ cash to buy my first property?

Quote from @Jimmy Rojas: Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.Nobody will loan to you if you can't prove your income.

Back a couple of years ago, there were financial government incentives to install the panels as well as very low (or possible no interest) loans.

Explore financing options, such as traditional mortgages, FHA loans, or other types of financing.

Definitely hard money loan.

I started my profile 6 years ago after my first residential purchase and finally made it back with my first few doors under my belt. 

The problem is that I can't get a loan - I'm too good at taxes, and don't have enough income to qualify for conventional products, and don't have enough portfolio, cash/flow, or experience to get hard money.