Fairbanks offers a unique market with its own set of considerations.

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

Did you walk the property before offering?

We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home.

Last 3 options trades I am up but basically- all time- breaking even right now .

If they need access to the property immediately, you can offer to leave to them until you are ready to close. 

If you go to the Lease Agreement Forms for your state here: https://get.biggerpockets.com/forms/index/, at checkout, it will give you the option to Upgrade to “Become a Pro annual member for $213 more!

Buy-in is often more conducive than other more saturated markets and there's such a wide variety of options to choose from. 

However, an easier option would be to use a bridge loan to help with acquisition and rehab financing if the property needs some work.

@Susan Tan you may also have lending options in the Houston area that offer 100% LTC financing for rehab projects.