I am 25, work for a general contractor, and looking to get my feet wet in real estate.

I’ve connected with a number of LPs through BiggerPockets and have found they generally fall into two categories.

Hi, A lot of investors use cash-out refinances exactly for the reason to fund the next property or expansion.Regarding the LOE, lenders usually just want a general explanation that the funds will be used for future investments, improvements, or reserves.

For a condemned property, I would recommend hiring a licensed general contractor experienced with code compliance and permitting.

DSCR loans will have a waiting period after bankruptcy generally speaking.

High visibility/VPD generally, speaking for a business anyway. 

Good morning, I am not familiar with San Antonio but have looked into the market in general and it seems like it is a pretty good market for investors.

She seems to be more residential rather than investor focused.I'm just looking for general advice does Zillow + Deal Check make sense as far as methodology?

So, I do appreciate the very general & sound advice to consult with professionals. 

The property serves the energy workforce market in the area.Property overview• 18 furnished units + manager residence• Built in 2017• Located in Pecos, TX• Workforce housing model (weekly/monthly rentals)• Stabilized operationsFinancials• Purchase price: $800,000• Recent third-party appraisal: $1,200,000• Trailing normalized NOI: ~$100,000• Annual revenue: ~$268,000So from a leverage standpoint, the deal is actually fairly conservative if viewed against value.Loan requestWe’ve been seeking:• Senior bridge loan: ~$520,000• 65% LTV of purchase price• Interest-only• 12–24 month term• Exit: refinance into long-term DSCR loan once stabilized furtherSeller structureSeller is flexible and willing to carry the remainder.Proposed structure:• Senior loan: $520K• Seller carry: $280K fully subordinatedSeller note terms could be:• principal-only monthly payment ($1,200–$1,500)• balloon at refinanceSo the deal itself works operationally.Where things get difficultWhat I’ve encountered talking to lenders:1️⃣ Most bridge lenders want borrower cash in the dealEven with seller carry, they want "skin in the game."2️⃣ Many lenders underwrite strictly off purchase price, not appraised value.3️⃣ Origination fees are extremely highTypical quotes I've received:• 12–14% interest• 5–6 points origination• 12-month term4️⃣ Some lenders require reserves ($100K+), which defeats the purpose of the structure.5️⃣ DSCR lenders generally say:“Come back after seasoning or after you own the asset.”The real gapThe deal works if the capital stack is:Senior loan: $520KSeller carry: $280KBut lenders are effectively asking for an additional $50K–$100K borrower cash injection, which is the piece I’m trying to solve.So my question to experienced investors:Where do people typically source that “gap” capital in deals like this?