This property is ready to welcome its next owner with no repairs or updates needed.

I had a chat with them on the phone as i was curious about the funding.. but came to the conclusion that the down payment ( the client made to buy) was probably what they paid for the property and the seller carry back note was the profit.. and then the seller carry back note is sold to yet another investor.. who is investing for coupon money.   

Quote from @Mackaylee Beach: I think these times (the last two years), and this year are the ones that will give birth to some of the best investors.

I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.

From the sound of it, the cheap debt is not really a motivator at all for you.

You might also meet title agents who have resources on, say, foreclosures or probates…and might recommend lenders who actually lend on more difficult projects (as the title companies also know which lenders can close and which are difficult).I also go visit open houses to see what sorts of finish to put on my renovations or to look for the next house or area in which to purchase.  

@Susana Alcorta, Howdy, you have a lot to consider, let me give you one man's opinion.Let's tackle the selling the home or not in Pflugerville.  1.  

The guy is meeting the rental criteria income wise.

Congrats on getting the home and starting the process.

In fact most of the rental SFH we have sold to owner occuoants.