Closing costs + rent ready costs + lease out costs - those you need to be compensated for and new investors are always surprised that they can add up to 5 or 10 or 15K.  

Asked Price $290.000Purchase Price $260.000 + Closing Costs How did you finance this deal?

Generally when sellers say "cash" it really means they do not want to deal with contingencies,  short closing period and/or do not want to deal with needed repairs. 

I'd love to connect and support you as you start on your journey. 

Sometimes, it’s about taking reasonable action on a property that has the right fundamentals and weathering the storm—because on the other side, you have an asset that performs really well.Happy to connect and share more!

The same as any refinance, the 1st position debt (subto loan) will be paid off at closing. 

I'm also planning to list the property on Furnished Finders to target the mid-term rental market given the property is so close to a hospital. 

., 10-year interest-only options), and non-recourse structures.Competitive Rates: Recent transactions show rates ranging from 2.69% to 4.65% depending on LTV (55%–80%) and property type.Lender Specialization: Some lenders excel in specific areas:Greystone and Walker & Dunlop lead in Fannie/Freddie volume and large-scale refinancing.Arbor Realty Trust is praised for smaller-balance loans and flexibility.CREFCOA offers streamlined refinancing with 45–60 day closings and cash-out up to 80% LTV.HUD 223(f) loans provide 35-year fixed terms, ideal for stabilized properties.Questions for the Community:Have you worked with lenders like Greystone, Arbor, or Freddie Mac?

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I am looking to connect with local (to myself) investors who have made the leap out of state.