Much easier and better deal for tenant to get an FHA loan.You are going to sell the note in what seems a short time and with no seasoning you are going to get a hair cut.Tenant has 680 with almost 10% down should be able to get a loan around 5% and you get full amount with no discounting.

Hey BP family!
I have been researching and learning about real estate investment on and off for the last 3 years. I recently sold my stake in a rental property that I was part owner with my parents on and now I want ...

Lot's of hair on this one regarding a survey issue.

DIY is good, but why be the 70 yr old grey haired guy drivng the porche vs the 45 yr old. 

Think of east coast rich people on bad romcoms or made-for-tv Christmas movies that talk about "summering in the Hamptons" with sweaters wrapped around their necks wearing collared shirts with no buttons, sporting bad hair cuts. 

I know it sounds like I'm splitting hairs but some banks write HELOCs in their residential department....which won't write Investment Properties.

Build up some capital - Lyft, Uber, sale something online, do hair or make-up, save all your OT, whatever it takes.  2.

Once the appraisal comes back it's usually just few days longer and a few more grey hairs from me chasing people around for these rush jobs ;) until closing. 

The higher the price tag the more uncertainty in ARV, the more risk the more holding cost, the more grey hair...Stay away from this deal my good feller.

The project took about 6 months start to finish and I netted about $10k and maybe some gray hairs at the tender age of 23.