This Water Street deal was financed through a combination of private funding and resources from our partner, Tricia Hart.

It has all the elements to be great, but it needs photos to do that.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

In real estate, a broker or a salesperson can be the agent of a seller or a buyer.Here’s a list of the fiduciary duties that an agent owes her client:Accounting: The agent must account for all funds entrusted to her and not commingle (combine) client/customer funds with her personal and/or business funds.Care: The agent must use all of her skills to the best of her ability on behalf of the client.Confidentiality: The agent must keep confidential any information given to her by her client, especially information that may be damaging to the client in a negotiation.Disclosure: The agent must disclose to the client any information she receives that may benefit the client’s position in a negotiation.Loyalty: The agent owes undivided loyalty to the client and puts the client’s interests above her own.Obedience: The agent must obey all lawful orders that the client gives her.

Together, it worked out for me as their combined income allowed them to always make rent. 

The current sellers are open to living in the current home we will be buying for up to 6 months and can pay me rent during that time (like a leaseback) , can I combine that with a bridge loan for (6-8) months to get me past that period.id assume my loan wouldn’t be the same rate as no longer could it be for a primary residence as they’d still be living in it.If i purchase the home and do a lease back for 6 months to the new hluse they are building is finished would I even need a bridge loan?

That, combined with very low rates on their accounts makes me think it is time to look for a better bank.

If you are selling to the group that borrows money, the apprasial is a key element that you can't just guess at.

Further, with the Buyer's agent and the Seller's agent working maybe  30 hours total (combined), at even 5% commission (split) on my $175k house, that's $8,700 tacked onto the price of the house and nearly $300/hour each for the agents.

You could also combine strategies and do a value-add to each property as you go, forcing appreciation and building equity quicker that way while also learning about construction.