My cold caller identified this lead and I wanted to see if I could come up with a creative finance solution in addition to an all cash offer in order to give the seller options.Location: Fresno, CABuilt 20104bd, 2 bth, 1600 sqftARV= $415kTheir current asking price for an all cash offer= $390k Their mortgage balance ~120k, interest rate is 4.51%Roof is original (14 yo), HVAC is new (replaced last year), no other updates or major repairs that he's stating.Situation:The husband states his family of 7 has outgrown their current home.

Roof was supposed to be 3-5 years old and was covered in pine needles at time of inspection. 

I definitely recomnend more doors under one roof but there is a lot of overpriced property being marketed at this time.

Look into the condition of the roof too, as it might need some TLC after all these years.

You could also go a condo/townhouse route which could still have repairs but generally it is internal (no roof, sewer line, etc.). 

(zoning, flood risk, insurance, roof age etc)  I also call the listing agent to gather the age of most important things if it is not listed. 

Likewise for outdoor showers, surf racks, saunas and a clean, non 70's tub with a walk in shower.

A lot of the major components are brand new including roof, siding, furnaces, A/C, flooring.

I own a rowhouse in Baltimore that I'm renting out and my neighbor's roof has a hole in it - a racoon is going through that hole and into the attic space above my tenants' bedrooms and making noise, which the tenant is complaining about. 

We aren't necessarily concerned about a monthly profit on our first 10 or so as we are thinking these would be held for at least 10 years.So, a question we have about 2 houses - House # 1-smaller,good area new roof, new window, no basement, no garage, monthly income $140, $6000 left in debt to heloc..........House #2 - larger 4 bed, 2 bath, forclosure, estimated rehab 40k, estimated monthly income zero, zero debt to heloc........ higher value home.