Quote from @Donyea Jenkins: With this loan, do properties have to be "Turn Key" to qualify or can they be used on fixer uppers? 

@Justin Sherman your best bet for cash flow is to go with a STR in the upper part of your house hack.

The downside is that you have to share your home with a neighbor and since most of our duplexes are upper/lower configurations you will usually hear them a little - at least know when they are home.

It’s got strong rental demand and a big community of investors, which makes it easier to find deals and support.If flips are your goal down the road, consider a house hack that’s a light fixer-upper.

We’re specifically searching for an owner-financed fixer-upper.

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

We have both always been interested in forming some partnership in which I do the leg-work and he provides the finances.

Also, what is your price range for a purchase and are you looking for turn-key or a fixer upper?

It's not a direct answer to your question, but it's very likely you have no contractual leg to stand on.

Are you looking for turn-key properties or something along the lines of a "fixer upper"?