Any ideas or guidance James Dainard or anyone else could offer in this regard?

We offer a ton of different fix-and-flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

If they don't have assets or well paid employment, I would consider the offer of the payment plan.

Explore a DSCR Loan with Reduced Down PaymentSome lenders offer DSCR loans with minimal cash-to-close requirements if your property cash flows (even marginally).

Variable income is SUPER hard since covid and no real way around that beyond showing an offer letter that states you get a minimum guaranteed hours, and you may need a payroll log to prove you never went below that number. 

., with the rapid rise of STRs, you will find that many insurers offer STR policies.We use Proper but it is very expensive but very comprehensive.

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

I'll definitely reach out if I have any questions.Your offer to share tips and tricks on the finance side sounds incredibly valuable.

-> Besides doing your market research, i strongly advise that before any purchase or offer, that you hire professionals to help you in the process.

The rest, put you on near-worthless drip campaigns, don't understand calculating the offer price based upon rents - property taxes - insurance - MNT & Vacancy percentages, etc.DM @James Wise to schedule a chat with him!