Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

I'll bet if you take this strategy on a forum that consists of accredited investors or qualified purchasers, you'd get laughed out immediately.

We're crunching numbers and planning to make purchases this year in the self-storage space.

FHA loans require living in the home as your primary residence for 1 year after purchase.

We put 100% of the purchase price per the contract into escrow 2 days before closing.5.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

Willing to customize to tenant desires FOR A PRICE. obviously, some of the above is accomplished by the particular property you purchased; some by repairs, maintenance and improvements, and some by ongoing service commitment.