I'm waiting to hear back from the underwriter if I could do that from the get go, or have to wait and transfer title after closing.

A partner and I began searching, and after coming up empty for 6 months, we were sent this deal by a close friend and ended up closing a month later.

Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)   

Let me know if you need help connecting with local resources or tools!

After some issues with the mortgage lender not doing their due diligence until the last minute they put in some of their commission to support the closing of this property.

I've done (and others have too) seller financing where little or no cash is involved at closing.

they'll be able to guide you on what programs are available, how much you'll need to close, what you would need to get pre-approved, etc.if you start with a house hack you're going to be ahead of the game in the long run, so it's OK to be patient for a year or two. 

We pay 1.75 months of rent per new customer.Total                      $34,000                $53,000Once your location gets close to full occupancy for 2 or 3 years. 

If the property is close enough, you can also forego the property management and handle it yourself in the short term. 

Looking forward to connecting and being a part of the BP community!