A lot of positive reviews from these mentors/gurus comes from people who psychologically feel the need to justify why they parted with thousands of dollars even tho deep down they know they were duped.If these gurus were really successful, they would be out doing deals, not selling courses.

Then we live in the property for a year or so, and then rent the whole thing out.

Good call out @Aaron Zimmerman!  

Is this section 8-(or some kind of fixed income program) these units seem very low priced?

Of course my nosey self had to go look up your rental property.

Probably a quarter of the buyers we work with are house hackers.

What made you interested in investing in this type of deal?

This means youre going to need to bring additional cash to close to payoff the existing lien because it has a balance of $300k and your borrowing less than that.

Plus new folks do a very poor job of screening the buyer for Ability To Repay (ATR) which involves pulling full doc and calculating the borrowers DTI, honest income, honest debt payments, prior debt payment histor (FICO) etc etc.Plus shockingly (or shocking to sellers) if you bought this investment house, fixed it, then are selling with financing you are selling "inventory" and y9ou owe taxes on the gain in the year of sale, you are NOT able to use installment sale to spread out paying taxes. 

Hi I'm a big fan of Spartan and have 4 properties with them the first dating back to 2019.