Initial cashflow if we rented the whole place out would be $150-200/month (plus potential extra income from occasional AirBnB bookings of the bonus room with its own separate entrance).

Not just setting up an MLS search for REO properties, but finding individual listings that are undervalued and sending them to me with an ARV estimate (bonus points if they include comps to support the ARV).Turn Around Time - I want to work with a Realtor who can get offers written and back to me to sign ASAP.  

She also helps us out at our Black Diamond REI events, so you can meet her there as an added bonus.

. $120k, but would like to do $75k down and keep about $45k for remodel unless we can finance itSource of down payment funds, if applicable: current home proceedsIncome Source: Salaried plus commissions/bonus - but both wife and I have to qualify with base pay only since we do not have two years at current employers.FICO: ExcellentI think seller financing the whole thing is too risky to us (seller wants $100k down and balloon in 5 years).

So if you sell an asset at a gain, the gain IS income BUT it is now taxed at a lower rate than other types of income (i.e. ordinary income such as salary, bonuses, etc) thus, a break!!

Agent bonus to buyers agent can help too.

From my opinion, HELOCs seem to be a great vehicle for someone who needs cash for a temporary or short term basis, in this situation you can even get an added bonus of only paying interest and deducting the full amount on your taxes, but for an investor who likes to buy and hold long term and lock in risk without variable rates I don't think this is the best option.

You can also check on density bonus programs, or work deals with the city where you can increase density by doing something they want like going LEED certified.

Pets are a good bonus but I would not initially offer pet friendly unless you have issues renting, even the best pet will cause more damage then no pet.My 4 musts to screen-Credit Check-Landlord Reference-Job letter/ proof of employment-Gut Check= Bad vibes, bad tenantIf people can't come up with atleast 2 of these 3 things, they likely are hiding something.

Standard where I am is 10% plus a small bonus when they find new tenants.This doesn't look like a great deal from the outset as it violates the 1% rule.