I initially intended to put down $50,000 to get a sellers concession where they would cover closing costs and a 2-1 buy down (we have to put down 10% or more down for the seller to be allowed to give us that that amount concession, around 5.8% off the purchase price of $484,500, seller concessions are capped at 6% with a 10% or more DP).

Families want their loved ones close.

The only cost we had aside from closing costs was a lock change fee of 70.00. 137% straight profit, annualized from the 60 day time frame to do the deal, is 822%.The last one we closed last week was a really bad note in a very rural spot in Indiana.

However, I cannot speak to apartments, as this depends on the individual complex.Additionally, we are finding a small number of properties for sale where the seller is willing to contribute to the buyer's closing costs.

But most likely you are going to have to find something else.What @John Underwood was getting at is that co-hosts or other managing people are very close to the property to handle all the issues.Also...

I have a close friend who does them for me but she can only do one at a time.

If I could find something that was close to cash flow neutral..

From that point, I’m able to put down 20% of a (350,000) house - ( including closing costs) every 10 months or so.

@Maya S.In representing both lenders and borrowers, I’ve seen some solutions other than tenant signing an extension prior to closing.

I will deff keep you posted as soon as I close on a property !