@Carly Baum - No replies for a year! 

They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.

They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.

Purchase price: $54,000 Cash invested: $54,997 Remodeled 3 bedroom 1 bath single family home built in 1951 in a quiet neighborhood with detached 1 car garage and fenced in back yard.

A very well maintained lovely home with over sized 3.5 car garage.

I have been selling cars for about a year and half now and I have an average credit score in the mid 700s.

@Brandon Turner also mentions in webinars, you can carry a hand written letter (or create one using) biggerpockets.com/dmletter and keep it in your car for an opportune moment.

Use $50k of the $100k cash out for a new personal car and clothing, put the other $50k in a savings account. 

At the same time listen to pod casts every time you are in the car or on the train. 

Investment Info:Single-family residence fix & flip investment. 2600sqft 3 story brick home. 4 bedrooms, 2 bathrooms, huge yard with 2 car detached garage.Turned into a 3 bedroom, 3.5 bathroom amazing refinished woodwork house with a touch of modern finishes to bring the old and new together.