Talk this over with a lawyer because under current state law, you will not be able to evict due to the cold.

I currently have this property under contract, expected to close within 3 weeks.

I guess my question is this: is the very low cash flow (due to my low down-payment and high interest) going to improve?

Quote from @Matthew Orr: I am currently under contract with a wholesale deal that was to close on Monday.

I’m currently contacting a lawyer and will update what I learned here.

Originally posted by @Isua Mbang:I came across this loan product and was wondering if anyone has or is currently using it.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.

I don't think I would be interested in renting a boat or RV....I would have it too long for that to make sense.Though I own several properties, I currently have no primary residence...  

Here’s the bottom line; unless the deal is VERY large, or the sponsor is going to syndicate a large number of deals, the investor will make more money purchasing the property theirselves with a option low to moderate interest rate loan.