How much was he going to be paid out of your deal? 

With this in mind, let’s wash our hands, put on our facemasks, social distance, and get under the hood… Existing Home Sales.

However, once the Seller found out what my assignment fee was, he told me he was going to back out!

It would also not work if you installed the valve where it would end supply to something else (ex. washing machine).

My wife has stories of washing dishes using a large tub, and taking cold showers with water borrowed from our neighbor's hose, during the time our water was off to redo the plumbing!

EXAMPLE: $1932 monthly PITI with $2000 in monthly rent.Do lenders look at this as a wash?

Go find another house, move into it... wash, rinse, repeat.The key is getting financing  on the initial purchase. 

It’s like grocery stores putting a sign in the bathroom that says all employees must wash their hands.

Having the drive and finding the deals is how I was able to go from washing cars in the hot sun for money to owning a successful real estate business and working from home full time :) Don't get caught up in the "how" stage, and instead focus on "doing" things and tracking your progress to see what works.Good luck!

- $5000 - $10,000 down- 5% - 7% interest on 30 year note- no balloon paymentsor do you think this is just a wash?