Whatever that delta is, that's the potential value of owner-financing.

An increase of 15+ degrees in delta is a pretty big jump.The very basic calculators I tested show you need about double the number of tons to fix this.

That means, if the house is approved for up to say $1500, but the tenant is only approved for $1000, they can still rent the property, but they would be personally responsible for the $500 delta between the 2 price points.

If you're looking to build repeat buyers that you can wholesale deals to making 3-10k depending on the price-point you're at, the delta of the property, and demand for the property I think it's a win/win.  

Just run the above formula on the delta between home rent and lot rent and you will see what I mean.  

Sub too.. now the seller does not have title.. the middle man trying to make the delta has no way to cure.. and the low downpayment new buyer defaults and is squatting since its not a credit issue for them and it takes a year or more to unravel..so caution..

The opportunity to work with a community bank, and delta between the ARV and purchase price!

Basically the benefit is to leverage the difference between the interest rates of the fixed rate mortgage vs the lower adjustable rate HELOC, and using that delta to pay down the debt as fast as possible.

Norfolk gets hurricanes pretty often....and the entire area is surrounded by river deltas dumping into the Chesapeake Bay.  

personally I think this really depends on how deep your pockets are.I just cringe thinking of investors who don't have very deep pockets and experience jumping into owner occ Non performing notes.These things can go many ways.. and many ways they can go very wrong.The only way to buy them is as Rich states at a price that your virtually certain that when it goes to the courthouse steps someone will bid it .. and you make the delta and they inherit the owner and deal with getting them out.Now In our states on the West coast this is really not too much of a big deal POST sale.