Quote from @Matt Meier: Good morning,I’ve come across a renovation property available at a significant discount and would like to secure it without going the traditional 6-month financing route.

Essentially, the Finish Schedule is a spreadsheet that contains all of the product links, SKU numbers, quantities needed, and installation locations for every single piece of material that goes into your project.

There really isn't a safe, secure way for someone to protect their interests.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, they can deduct the interest they pay to you as part of the seller-financed agreement—if the loan is secured by the property and you provide them with a Form 1098 (Mortgage Interest Statement) for their records.

It saved me when things got real (hello, crazy boyfriend with trust issues).Security Deposit: Non-NegotiableOne full month of rent as a security deposit (at the very least!)

I love New England and I’m from the Cary/raleigh area of NC so those are my top locations.

The home is in a great location in Big Bear Lake, CA close to the Village and Ski Slopes.I have an array of emotions being scared of failung and excited all at the same time.

It’s a smart way to dip your toes into investing while securing your first home.You’re not being too ambitious at all!

Where is the property located?