@Ali Boone can you explain this BRRRkey method a bit more?

@Michael Norris Hello Michael, you talk to a few realtors in your area and explain what you are looking to get into and get their opinion.

Pretty close...closer than most with your understanding of what a SLO is.Can you explain what your understanding is of an "Option Consideration (payment)"?

@TheresaHarris thanks for explaining that to me..

You can look to network with these types of lenders on BP as well. a good article explaining the function and utilities of each is: https://www.biggerpockets.com/blog/hard-money-private-money-difference>Search for foreclosures on the BP site under the "find deals" tab.

All I can do is explain what I've experienced in the market over the last couple weeks on no less than 15 deals.

Yes a Realtor that is Investor friendly will understand the language and shouldn't have to ask what you mean, unless you have come up with your own terms and then you may have to explain!

So that’s the structure in MA as well; I thought they would pay “first” and “last” month but it turns out only “first”, and then structured as you already explained as well.Much appreciated, stay healthy!

I'm a Referral Agent with Coldwell Banker's National Real Estate Referral Group and I interview my prospects to better understand their objectives, their budget, their geographic and other preferences, as well as their overall perspective.   

I'd love to explain why, but there's not enough room here to post.