My company uses Alerus and i can log on and simply model a loan and they tell you exactly how much you can take out. 

Some ignore failure, other refuse to acknowledge accounting losses as useful stats and other just win from day 1.  

Eventually you will recognize a potential good deal on your own simply by spending time looking online and physically visiting homes in the areas you would like to invest.Another thought is determining just how much rehab you are willing to do. 

I cant imagine any lenders allowing a cosigner to be removed by simply signing an addendum.

I am told these in-house lenders will often be able to simply the process, as they only have to satisfy their own requirements, and not the requirements of the bigger banks that may eventually be buying the note.The issue with finding 'portfolio lenders' is that just because a bank meets the definition, they may not even know the term.

Empty units simply give me the opportunity to renovate and raise rents. 3) Appreciation always follows NOI, so if you can establish a solid record of $8,000/month NOI that translates into a stabilized value of $1,200,00 at an 8 Cap, which is going rate for stabilized class C properties.

Don't be fooled almost every FREE site simply refers you to a pay site. 

So, you're bidding for the equity, as other bidders will be also, not the full property value.In the second scenario, you're simply a junior lien holder, and if you foreclose, you're only entitled to what you're owed, of a third party buys it.  

As a suggestion: dont start out asking for a mentor on your 4th post on the site, most of the others simply asking for help.

Now we later caught on and simply said we can double close, they still insisted on prolonging the contract because they would be out of town, stories just weren't making sense, it's a team of two, and they lie.