@Jason DiClementeIt is done professionaly based on home inspection carried out by previous potential buyers that fell thru due to buyers income situation. i dont plan to.apply permit in short span, long term i will have to spend more money if necessary to right things, that is the risk i thinks is woth taking for the deal.Thanks for your suggestion.

I currently live in the area and feel perfectly comfortable living here.Logan Heights carries a bad name because of how it use to be, but it has come a long way.

You can work with the seller to carry a note for your which you can pay back over a period of time.

then go find an owner carry situation with that large down payment and let rentors start paying you.

Carry long-term, fixed rate and term debt.Don't enter hasty partnerships just because you're both half broke. 

Fannie/Freddie loans will carry a fixed rate, they will have a lower rate, and they will help you qualify for other loans later.Now, if a bank is telling you they can't refinance because of "seasoning", is that because you purchased it with cash?

The neighborhood property price has gone up in recent years for about 30% and I am thinking about selling it on the market to investors (8.87% cap) but first I like to present it to the tenant/operator and offer owner financing and carry a note.

In fact I could carry an additional loan to my house right now and be fine with the payment and all that comes with it and still save.

Your carrying costs include mortgage, property tax, insurance, electricity, water, garbage, HVAC since it's summer and any HOA if applicable.Get a Prelim Title report $50 to $60 in most places.

how much debt to income do you want/need/can carry?