You may want to sell it for cash and pay the cost to so it's about 40% equity in your hands and pay the taxYou do a lease with an option but you're knocking to get more than three or 4% downI don't know what state you're inYou could look at a contract for deed like 10% down of the pan a contract and then refinance it down the roadThe important thing if you're selling on terms send the OF Buyer RMLO to look over the 1003 app for the ability to repay

Are there any great iOS apps for real estate investment that you guys would recommend?

I'm sorry you're having difficulties with posting from the app.

Now the way I do it today I already pay the app fee - I credit the app fee to the first month's rent when the lease is signed. 

I do some brokering and we do a $199 (refundable) app fee to weed out the tire kickers that's applied to closing and covers the BPO and a few other fixed costs, so a small amount up front isn't necessarily a bad thing, but $2500 is crazy.As has been stated, a private lender is just that, someone you know that will lend you money.

At the moment I been browsing real estate apps.

PS, When do we get a droid app?

A CRM App can track that lead through the whole process.Be forewarned that Podio has a learning curve, but is VERY customizable and relatively easy to learn.

Message me and I can send you my mobile Keller Williams app that allows you to view properties on the go from your GPS location.

Here the rental market is crazy as well, and I feel bad for the good tenants who need a place and have to submit and re-submit apps all over again at different places because rentals are scooped up so quickly.