If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.

We're closing next week on an event venue with 10 lodging units on-site. 

A lot of investors will buy home in their personal name to get better financing and then switch the title to LLC soon after closing.  

At 19, house hacking is the best option if you have the downpayment and closing costs set aside.

Right of recession:Buyer and Seller may rescind within 3 days of signing contract all all EM must be returned this is a blanket rescission.If Buyer or Seller never get the Disclosures and sign for them they can cancel right up until the day of closing with all EM returned. this should level the playing field keep bad actors at bey and give Buyers and Sellers some rights if they think they have been hood winked.

All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

Even if it does, there's closing costs to consider.As I said, I have no cash myself, so I'm asking how I can deal with generating cash for closing costs (and a down payment) if it comes to it.The house costs $139000.

Thanks, Ajit Singh You need to not come on these forums seeking a mentor, you need to come here to study.The same characteristics that helped build out your business will not mirror 1 for 1 in RE but it'll be close.

I emphasized the quick closing timeline and my ability to pay cash via hard money financing to strengthen my offer.