One of the properties is a 1 Br/1Ba that needs some improvement, there may be a moisture problem, it has a noticeable bug problem, last year there was a plumbing problem, yea...it needs some work.I am not sure about the classifications nor the current living environment of the other property, but my guess is it's 50/50 on similarity.The owner is offering my friend both properties for $150k with $5k down.

They may require more skin in the game and will probably critique any potential deal extra closely but you will probably be able to find one.

1st rule of any lender, skin in the game. no insured lender will give you a loan at really any LTV with none of your money in the mix.Consider a Sub-to transaction. :)

We have gas FA in our primary residence and electric FA in our family vacation property.I absolutely prefer gas forced air heat - natural gas is a good value in our area and forced air movement keeps moisture down thus reducing problems with mold.

This stuff hurts like hell if you get it on your skin.

A CCIM might be better, but without that sheep skin you'll always be behind, just a fact in business.

I have minimal dollars in once I get the loan, but I do have some skin in the game plus my labor.

I prefer deals where all partners have skin in the game.

Believe it or not, you kind of need a thick skin to do this because you’re going to hear all kinds of stuff, some of it critical, some of it positive, and some of it a little nuts or pretty far from objective.

That included gutting to the studs, joists, re-plumbing everything (tub and toilet were re-located), re-wiring, insulation, moisture-resistant drywall, new window, new basic tub, subfloor, underlayment, fairly cheap tile on floor and tub surround, sink/vanity from lowes, basic toilet, paint, etc.