In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.

I’m at the stage where I need to get my finances more organized.

Quote from @Guillermo Perez: Does anyone have experience with seller finance?

One, you might want to consider Seller Financing (in Michigan, we call it a Land Contract) which can allow you to buy property while using the Seller as Banker; not all Sellers are open to this, but it can be beneficial to both the Buyer and Seller.

I'm looking to finance the project long term in a way that is helps me create positive cashflow.

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

The seller is offering seller financing at 2% interest with a 9-year balloon.

Any tips for navigating the competition in such a hot market?

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

If you’re exploring financing strategies or want to discuss how to structure deals for your goals, I’d be happy to contribute where I can.Looking forward to seeing your journey unfold!