The Main St property in Grainfield, KS, offered a promising opportunity due to its low purchase price and strong potential for a high return after renovations.

The community is also a wonderful place where we help each other win - along with some healthy competition.

Multiple offers are now the rare exception, not the norm.

Was one of 5 offers.

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

Effectively offering more than 100% financing.  

The biggest challenge seems to be finding lenders that offer these loan products which is where I’m looking for help from the community with recommended lenders that serve Texas.The Fannie Mae (or Freddie Mac) options are preferred over FHA purely because of the (perhaps perceived) limit on renovation funds that the FHA option provides.

You see it in all kinds of advertising and marketing for guru offerings, but when you get down to it, what does it really mean, and how can it impact you? 

Any ideas or guidance James Dainard or anyone else could offer in this regard?

They would offer a more hands free approach, but eat up the profit in return.