They are headquartered where I am at in McKinney and I have gotten good feedback from the clients.

Did you use a local bank that agreed to a Seller Carry in second position?

It sounds like you’re in a great position to get started—$100k saved up and a clear goal are huge advantages.

Many sellers will not accept this since they are in second position, and it is very risky since if you default (higher probability for investors with no money and/or no skin in the game), they will most likely be wiped out during a foreclosure.

I was hoping to get some feed back from my experienced colleges.

All of that said, nothing you mentioned sounds like you are in a position to evict anyone.

Prises are so attractive but as soon as add the taxes….there goes the positive cash flow.

Gap funding or junior position funding is highly risky. your team has no real money in the deal..

Hey @Brett Jurgens,Great position to be in! 

I also have two buy-and-hold rental properties and am passionate about exploring unique financing opportunities.Recently, I used a VA loan assumption to purchase an investment property at a 3.3% interest rate, which was instantly cash flow positive.