I dont get it.And are you saying that there are loan officers that look for people who seek innovative strategies that may differ from the tried and true, and when they find them, are more likely to offer this scammy rate?

Some rehab loans offer 90% of the purchase price and 100% of the rehab costs.

Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.  

However, ensure you have a solid repayment plan to avoid over-leveraging your home.Focus on long-term rentals that generate steady cash flow and offer tax advantages, such as depreciation and deductible expenses.

@Denise CarringerMy preference is to go local - some community banks offer this type of service or local escrow companies, which is what I found, because they offer a higher level of service than most national.

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

I think you should also confirm to them what lease renewal terms you are offering them so they can make an informed decision.If you make the repairs, you'll create some goodwill with the tenant and they will be more likely to renew.

This property offers spacious townhouse like setting floor plans offering one, two and three-bedrooms.

Now, moving forward he offered for us to take it over completely.

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.