Don’t try to do it yourself.There are too many things can go wrongSo I’m going to say in closing here that you are helping a “no equity house” so sellers tried to sell with an agent, it didn’t work out.So the sellers talk to you about about a lease to own solution where they enter into a lease with an option with your LLC and then you assign the deal for 3% fee for yourself.Does that sound like a lot of work for $3000?

Plus the sale price will allow for repairs so it's a no brainer to fix the problem.

It's in the same complex where we have two other units - offering on this one was a no brainer for us and we called our agent and had him put an offer in, sight unseen.  

I wanted to get a mortgage, but old mobile and currently maxed credit creates a no. 

So it was a no go.Are you searching or doing deals in the Santa Monica and surrounding markets?

In 2005 I took a loan on the property from B of A. No

I am seeing a lot out there, just trying to educate as to what's a "no no" and what's lucrative!

Sorry, but Q1. is a NO!

Or you should need to expect to put money down at the beginning and then refinance the deal in a year or two to pull it all out again, at which point in time it becomes a no money down deal, but it wasn't so start.

Originally posted by @Jassem A.:No