I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

The seller requires a cash purchase & I’m exploring creative ways to structure the deal.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

Did you purchase this with a conventional loan? 

However, if you’re open to purchasing an investment property before your primary residence, you could likely qualify for a DSCR loan.

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

I live in Lawrenceville, GA and am beginning my first house hack, working to purchase another property by the end of the year. 

Purchased at 211k .

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

For a new agent to land a listing they typically over promise a seller a high price to win it and then spend money trying to find the magical buyer to purchase it.