Option 2: I found a house that the asking price is 930k , but I’m sure I can get a discount on it because it needs a lot of work , it doesn’t qualify for traditional financing , so I would need to take a hard money loan , it needs about 150k worth of work , the plan would be to offer the full 930k asking price but ask for a 6% seller concession , I calculated 20% down payment and 7% closing cost , so total after seller concessions comes out to 21% down payment which is $195,300 .

Leverage can be a great thing but its a calculated risk , and a lot of people put too much faith on the upside and little consideration  for the downside .

Debtor must clearly phrase their request to obtain: the source of a debt and the amount a bad debt buyer paid for plaintiff’s debt; how amount sought was calculated; where in issue a list of reports to credit bureaus; and documents conferring authority on third party to collect debt.Documentation of the creation of the debt with your collection agency.Under FDCPA Section 809 (b), you are not allowed to pursue collection activity until the debt is validated.

FHA might work, just get out the spreadsheet/calculator to figure out if the extra PMI is worth it, or even feasible. 

You are also short on your expense calculations. 

then calculate 203 months of holding costs and the lower offe you’ll have to accept if you have gotten no backup offers. 

bonus points if it somehow links to quickbooks so it's easier to keep them aligned.Alternative question: CPAs - what tools/formats do you prefer your clients to use to give you the information needed, so you can calculate their depreciation?

On many of our web sites there will also be calculators to help you determine what your tax liability would be.There are a number of folks like us right here on BP who are qualified intermediaries. 

You will quickly learn about footings, water service replacement, electrical load calculations, and a bunch of things you don't know about. 

View report*This link comes directly from our calculators, based on information input by the member who posted.