At the end of the day, if you complete a business loan application and provide all of the required details and documents, and submit a full loan application package to them, I’m sure they will call you back to discuss your intentions of getting a loan.

@Piotr Staron  I would be interested in the details on the Sch.

That being said you really should annalyze each deal one at a time in complete detail.

Did your seller provide a move-in sheet, that details the condition of the home when they moved in?

If there's a successful reputable team in the market, then the market is doing well for rental investments, otherwise the company would fall apart.

Here are some details on it as well as financial projections. 

Property and Loan Details 3 FamilyLocation: New Britain, CTPurchase: $123,000Rehab budget: $55,300Down payment: $18,450 (15%)Loan principal amount: $104,550Total Loan (principal plus rehab): $159,850Appraised as-is value: $125,000 (pre-rehab)Appraised ARV: $255,000Loan Terms: 9.99% for 12 monthsInterest only payments each monthPoints: 3.5FinancingThe hard money lender had a few programs.

Will find it and inbox you the details.

I have talked to several loan officers, most detailed with my personal bank (SEFCU) and they offer an FHA loan, but not a 203K loan.

@John Patterson - If you provide a little more detail on the potential deal you found, we can provide better feedback.