You'd be surprised how often a deal can happen using this strategy but it is also important to run the numbers and make sure your COC return, etc are in line with your expectations.Probably the lowest risk is partnering because a seasoned investor will verify the deal (hence their participation) and likely take care of the initial money required.

They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

I know conventional would be cheaper cost wise, but isn't her husband eligible?

Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.

There will be a massive wealth transfer from the baby boomers to retirement care or to a younger and smaller generation.  

Just be careful as not everyone on sites other than FF are working professionals.

Always pay on time, take care of their units as if they were their own, etc.

I don't charge security deposit or move in fee nor do I care about credit. 

Conventional Financing How did you add value to the deal?

Can you use conventional loans, or does the loan need to be non-recourse?