Purchase price: $225,000 Cash invested: $15,000 Sale price: $288,000 Single family home bought through VA for our family.

High credit scores and low DTI are often required…and these take much longer than I first thought…Navy might take 45 days to get through the gauntlet.  

@Benjamin Ying I recommend you take time to read through some of the horror stories that have happened to some who’ve tried OOS long distance investing that are in these forums.

I attended a Jerryll Noordan video call just this morning and I left the call feeling totally mislead and concerned about the integrity of the marketing tactics being used to draw investors like us to the video sales calls.I was on Facebook last night and, for the first time, saw Jerryll's ad and clicked on it.

We specialize in short-term rental investments through our integrated real estate, mortgage, and property management services, delivering expertise at every stage of the process.

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.

But almost zero percent of NOD owners can make it through the selling / moving out process go get this benefit. 

But anyways, I have a stretch where I’ll be gone for several months - mid July through mid October, possibly stretching to the end of the year, and I’m wondering if anyone has any ideas beyond just a normal rental - traveling nurse, etc. that might be good in Nashville. 

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.