Try to narrow down your options to the top 3-4.

We push for approval from the client even on small issues so that we do not have to deal with larger ones down the road.

If you want to buy and hold, you will need at least $35K-$40K for the down payment.

Typically, clients are using this to buy down their interest rate to 6% or less.Reach out for more information.

@Abigail King  I started with a seller finance, $80k, 10% down ($8K) + $1k in closing costs.Put about $40k in rehab in it. 

Mortgage payment of $870 PITI with 20% down at a 7.25% investor rate.

Just a heads up.

One of the ones we did, the cabin had an upside down garbage can dug into the yard for a septic system.   

@Daniel Hartless for any condos that allow STR, you will not be able to get away with 10% down as a second home, because conventional loans do not allow financing for a short-term rental and will require a minimum of 20% down.

I have been interview these folks and almost down to the right folks.What I am seeking from the community is experience from those that have done this and have been successful but also those that have pitfalls to learn from those to either not make the same mistake, or do what works.