As long as everyone is on the same page and you have more wins than losses, you should be fine.You'll get 'em next time!

While it wasn't our initial intention, we realized that the 2700 SF home with a two bedroom basement was too much room for us right now and we decided that we would convert the basement into a rental of some sort (Vacation, Short Term, Long Term) until we grew into the space.We are able to secure a loan for 3% down and had the seller pay the private mortgage insurance up front, so we felt like it was a big win because we kept a lot of the capital that we had saved up for a down payment in our pocket.

Moving forward, I can see this being a tool in the toolbox that helps, but want to have a better understanding of it to help create win wins for all that is involved. 

We have a software system that we use to help vet/comp deals so our original offer is essentially a “win” for the lender.

Also i recently discovered through my terrible due diligence there is an INCREDIBLE 1800 sq ft attic with almost 11 ft ceilings that will add about $1700 a month in rent once complete....winning OK numbers i purchased the 3 properties for $435,000 i put $15,000 down and my note is at 7% for 3 years when i must pay off the loan or sell the properties.

In these 'one-of' type settings, you just need a single 10yr long term renter to make it a win.

@Shiloh Lundahl wow, what a winning deal.

I think the win with the project, if there is one, would come from selling the improved home to an owner occupant at a higher price, rather than getting a little more rent on it over years.But I haven't seen the house or area so it's hard to say really.

I love stories where people win big, but just not in the way they expected.I'd love to hear more detailed numbers on the deal once it closes.

They want to play stupid bait and switch games, they get to win stupid bait and switch prizes.