What's most problematic for me about the plan, isn't the basic scheme to pay off the mortgage and the cards just to get in under the buzzer with the high interest rates, its the lack of long-term allowances for vacancy in a student rental, capex, maintenance and replacement costs...all the stuff that's going to cost you money running this rental in the long run.

This caused the appraisal to come in under and within a week of closing.

Now I can vet a location in under 2 minutes.

Are you moving out of the area in under 10 years time?

If they know you purchased it at a discount and are doing repairs, especially if you come in under market value.

Sometimes you can negotiate a slightly lower purchase price - but in many markets sellers are getting offers in under 30 days and do not care if it is cash or financing.Cons:1.

Don't move too fast trying to short-circuit the process.This deal comes with built-in underlying financing with yield maintenance. 

We actually came in under budget.

Since every agent with new western is licensed, we are held to the same code of ethics as all realtors in the states we work in, under the governing bodies that manage real estate licensing.

Closed in under 10 business days.