Financing is approved just need to sign the paperwork.

In either case use the contract to create some built in relief - a longer than usual closing period or due diligence period, or finance contingency.  

I actually got caught up in the creative finance bubble of trying to lock up properties way over their value just because it had creative terms not realizing that if you were to buy a property at 120% of its value you will never be able to refi or sell without paying out of pocket.

Obviously, I want higher so value add or re-finance as things happen I can always own the option.

He is open to seller finance with 0% interest.

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

With syndications many operators are using finance magic to juice returns, but that can result in full wipeout on the investors.

To thrive in real estate investing, you must maintain a firm grip on your finances.

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.

I am not an expert here but my thought is that you would learn a lot by getting your license and have more credibility in the industry at large so if your time and finances allow- get that license:)