Hi Carole,In a competitive market, the most effective financing strategies involve being prepared and proactive.

Ultimately, it depends on what’s going on in your local market and how involved you want to be in managing it.A firend of mine who was managing a similar property in Scottsdale ran into some issues during a vacancy period.

I've been listening to BP for years now and just now getting involved in the community element.

Regardsless whether or not there was seller financing involved.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Another option is assuming the existing mortgage, which would involve contacting the current lenders to explore formalizing the arrangement and having the properties deeded in your name while taking over the loans.

This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

They found that involving a mediator helped open lines of communication and resolve the issue amicably.Remember, every challenge is an opportunity to learn and grow in your real estate journey.

Do you want to be involved or mostly hands off.   

I think if there is a lender involved, when it gets to underwriting, they will deny the loan.