We got an FHA loan, for it was the perfect way to start out for anyone who doesn't have much to put down right away, with only 3.5% down + closing up front, it was a no brainier.

Using some homes we have free and clear as collateral, so will be a no money down deal for us.

I know it's a no brainer too ask them for advice as well.

And when you secure a house to to a first position secured line of credit, it is even less of a no 'brainer' - maybe he won't give you 75% of the appraised value, maybe just 100k - about 30 pct - until you grow the relationship. 

I'm from the Grand Rapids area and like Greenville but don't have rentals there.If you are getting instant equity and the numbers work for a rental, then it's a no brainer.

To me, the decision to rent is a no-brainer.

If he is wholesaling, the cash investor would have to also pay off the existing mortgage $294k, $70k taxes, repairs $20k, closing costs, and assignment feesThe existing mortgage balance has nothing to do with how the MAO is calculated; MAO is calculated according to the formula I used in an earlier post.Now, once you have the MAO - in this case it is 190K - and you see that the mortgage balance is above that MAO figure - in this case that holds true with mortgage balance of 294K - then you have a property that is a "no deal" for the typical fix and flip scenario.

With some hard money lenders (there's one I've done a lot of deals with) that will even roll the points and the closing costs into the loan so you truly have a no money down deal.

On a ?no

Hope to make an O's or Nat's game one day.