call me crazy, but regardless of all else, I don't see him foregoing 150K in equity so he can avoid 25K in repairs.

They are very good deals with a min of 20k in equity

If I buy it for $100k, market rent is $1500 (rentometer and zillow say reasonable rent is up to $1800 for whatever that is worth), and there is $50-70k built in equity, how is that a bad deal?

We have an $80,000 rental that tenant wants to buy and we have about $35,000 in equity so considering financing the $8,000 down payment.

Your loan will need to hit at least 80% LTV or acquire 20% of the value in equity before PMI could be removed, you'd need an appraisal to justify your equity.

I am willing to share in equal parts of the work but they said, if i put only 18-20% then i would only be responsible for that portion of the work.

I only have 10,000 in equity in my home and i don't think i could get out from under it if i used my agent to sell it .

I plan to sell my current home (with about $30k in equity) to pay down the mortgage and thus increase my monthly cash flow and decrease my debit to income ratio which will come handy for future deals.However, my true question is in the subject of this post, I have submitted a few HUD offers for Owner-Occupied properties at 30% below the listing price and HUD has counter offer at 10% below the listing price.

If you figure out how to do that consistently without taking risks that could collapse the empire, let me know and I can probably help you arrange a few billion in equity..

for example:Property Value: $100kSeller Mortgage: $100Kyou obtain the property on a subject2, you then turn around and sell with a wrap with the following:Sale Price: $110K (premium due to owner financing)Down Payment: $20KYou then carry a note for $90K that the buyer must pay offYou then apply $10k of the down payment to the wrapped lender, bringing the wrapped mortgage balance down to $90K, the same amount as the note you are carrying.In addtion to all that, the terms on the new note are created to give you a spread between the wrapped PITI & the buyers PITI (assuming that taxes & insurance are escrowed in).So, after the closing you have created (and extracted) $10K (minus any closing costs) in equity from the deal, and you also are now receiving monthly cash flow via your note and you have no property upkeep.DISCLAIMER: I have never done one of these, this is all academic.