My wife and I run collegiately and can potentially get schooling and living expenses (such as housing) paid for with a sports scholarship.

I approached the REO bank that owned the condo complex a year later when they're still stuck with 30 units and got another one for $40K.

I live in the US and some of the questions I have involve lending options to help me out with the construction loan and approaches to managing the property as a short-term vacation rental.

If you want to buy real estate and can't come up with the down payment funds there's two approaches:  (1) save up until you can afford the down payment; or (2) raise LP capital*.

Those aren't appraised via income approach, they're appraised using comparable sales approach.

I've been frantically trying to get this deal in front of as many potential buyers as possible, not only for higher odds of assignment, but because the deadline for the EMD is approaching which could render the contract null and void.

This approach can work for those with strong deal potential but raises questions about leverage, risk management, and lender flexibility.What are your experiences with 100% financing or gap funding strategies?

Do you prefer flipping for a quick profit, or do you take a more long-term approach with rentals?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Definitely get multiple bids both for cost comparison and rehab approach comparison.