Besides bridge loans, a lot of investors I work with use EMD financing to keep cash free between projects.

That payment number is based on subtracting the cash flow you need (always start there as a cost), monthly taxes and insurance from the rent(s). 

They have great rates, but they don't give any exceptions like a true wholesale lender. 

Can anybody recommend any companies that'll convert business credit to cash?

Then again, purchasing a true "turnkey" property means you are typically paying a higher premium in exchange for someone else delivering you a cash flowing, low maintenance asset.I would gander to guess that 99% of people do it the latter way you described. 

If you’ve ever bought a rental property that “met the lender’s DCR requirements” but still ended up with less cash flow than expected, you’re not alone.

Quote from @Michael Santeusanio: Investor question:What cash-to-close percentage do you typically see on your projects?

I would pull out the cash then put 20% down on good cash flowing rentals.

Purchase Price: $280,000Down Payment: $75,000 (~27%)Loan: 6.625% interest, 30-year fixedRents: $1,350 per side ($2,700 total, tenants pay utilities)Property Taxes (2023): $4,247/yearInsurance: $2,600/yearProperty Management: 10% of gross rentMaintenance + CapEx: 10% of gross rent (includes reserve for roof replacement in 5 years)Vacancy: 5%Annual Gross Rent: $32,400Total Operating Expenses: ≈ $13,600Net Operating Income (NOI): ≈ $18,800Cap Rate: ≈ 6.7%Annual Debt Service: ≈ $16,000Cash Flow (after all expenses): ≈ $2,800/year ($230/month)Debt Service Coverage Ratio (DSCR): ≈ 1.17Cash-on-Cash Return (Year 1): ≈ 3.7%Notes:Roof expected to need replacement within 5 years (budgeted $10–12K).Tenants pay all utilities,Rents appear market average.Located in a stable B-class neighborhood with consistent rental demand.Population growth slightly negative but a 20 minute drive from Cincinnati.  

In the meantime, practice underwriting deals daily — know your rents, taxes, and real expenses so you can spot true cash flow.Network with local banks, agents, and investors; a lot of deals here trade off-market once people trust you’re serious.