I was interested in finding out if there are any loan products that will lend for rehab only.

As a rule of thumb, we do not pre-list works in progress as most tenants in our experience have trouble envisioning the final product.   

Joe America buys the finished product, hopefully.

Hey Brian,Different products with different goals in mind.We have some programs that will pull cash out of your portfolio as well as finance your rehab/reno to the properties 100% - depends on where the leverages are and what your end goals are.DSCRs are great but do not allow for rehab funding if your goal may be to increase rents through upgrading the properties.Based on the current value the $625k is about right for the total cash out - the difference is a rehab program will reimburse your reno expenses to keep that cash in your pocket. 

Fannie Mae and FHA, now declare mortgage loans products on condos involved in any type of litigation, other than minor litigation (i.e. disputes over rights of quiet enjoyment) are ineligible.

Unless someone uses it to describe the same product it won't mean much.

The so-called investor I can probably also assure you that they do not own any actual real property themselves but are merely in the business or selling a product.

I'll do it if necessary, but try to avoid it, as most buyers don't have the vision to picture the final product.

I would suggest you contact your lender and/or a competent broker to see what loan products are out there that allow the seller to carry a 2nd for part of the down payment requirements.

(I would not use this product for a flip.)I was wondering if anyone has used this product and what the results were.