I understand that with traditional mortgages, it is unlikely to receive lending that incorporates speculative renovation costs.

What several of these landlords have now done is instead of having a pet deposit, which you cant do with service animals, is that they just incorporate it into the normal deposit.

Very creative but probably not doable1.

Maybe there's an angle for seller financing or some other creative approach to get the seller the total return they want over time, but it's hard to say without actual facts and data.

@Fumi Maher both can work well but you'll find one may be more attractive to you personally.I've done all duplex househacks and incorporated MTR and STR when it made sense.

While I know this isn't a lot in today's market, I believe there are creative ways to make it work.I’m a former foster child who was declared independent as a teen, so I've been living with close friends that I consider family.

What worked for me was focusing on building strategic relationships with top tier people (quality partners) who could complement what I brought to the table—sales, management, and execution.When you are approaching sellers for creative financing, leading with a clear value proposition (and CONFIDENTLY) is key.

The local market has a lot of opportunities, especially if you’re looking into multifamily or creative financing.

@Ashish Gambhir like most have said it will take some creativity or a lot of work to get a cashflow rental in the Triangle. 

Hi Eli, This is a creative and potentially win-win strategy that could work well in the right situation.