I am going on 12 years active duty now, have moved 7 times (not counting in-town moves or TDYs/deployments) so get used to this process!

But I've never heard the process that Shiloh is explaining before (to create a second loan and sell the note associated with such.)

I am curious as to if anyone has done this before, and how the process worked? 

My guy starts my refi process the day I close on the purchase, and then as soon as the last tenant is in place post rehab we close on the refi.As for what's better, that's up to you.

Your title company will provide you with much of the documents you are seeking however that's once you are further along in the buying process.

I am lucky enough that my wife is involved as well, I get to hear all the details and the ongoing city plans, discussions, and new businesses and investors coming into town.

Which sure, would be a very arduous process to evict us. 

It is best that she just oversees the process and doesn't represent anybody, if she is adamant on getting cash simply because the seller is someone she knows then you may be able to work around that but I don't see why she is trying to represent them without the property even being listed.

What you see during the application process is the best of what you are going to get.

Having this in mind will also affect the decision making process when analyzing the location, the projected monthly rents, etc.Just be conservative in your underwriting and implement strategies to protect the downside before anything else.Good luck!