oh yea, I recently started my own business (2021 was my fist year in business, commercial door company, non real estate related venture) and gave up my w2 income and was already denied another refinance on my primary due to lack of self employment history. this was with the bank my business uses with and they want 2 years of self employment income on the books. end of 2022 will be 2 years so financing may be an issue if I want to 1031 now, but i havent really thought all of that out yet either. 

Lacking sufficient funds for a 20% down payment, I am exploring lenders offering 90%-100% LTC to minimize my upfront investment.

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.

However, make sure you review all documentation before signing as quality control of closing documentation is lacking.  

One of the things that I have noticed about most people that are raising capital is that they lack a real background in what they are supposedly experts in.

They'll just say stuff like "thank for your patience" and "I'm looking into this" and even "I hope we are still connected" (as if they wouldn't know if we're connected or not) over and over again, and if you don't reply to each little statement, it'll kick you out of the chat.Nevermind the god-awful website/interface, the forced AI descriptions they keep trying to implement, the lack of any kind of damage protection without forcing the guest to buy into it. 

Quote from @Derek Fortin: You should have signed a Buyer's Agency agreement with the agent.

I now see that lack of knowledge is nothing compared to the cluelessness of investors who purchase tax liens……

For instance, if a homeowner doesn’t have the ability to pay for a home, they also lack the funds for necessary maintenance.

I think in some states tenants have the right to test and I know they can call in some kind of violation to various agencies that can call in a world of hurt.FWIW how do they know the old tenants boyfriend was dealing meth!?