Smart move leveraging hard and private money for flexibility, and congrats on the above-listing price escrow—shows strong demand for a well-renovated property!

These factors typically indicate strong rental demand and potential for property value increases.

I am considering this because it is seller finance, low out of pocket and it would get me in a market that is expanding rapidly.

This would require seller to bring cash to closing.

Greene is spot on.Let me add this.A lot of wholesalers get leads and then negotiate endlessly until the seller won’t budge below a certain number.

Sure enough, a few weeks later, I got a letter from an attorney, photos of his client injured from a slip and fall, and a demand letter for $10,000.

Fine a seller financing deal 10% down interest only payments for 10 years 4% I/O with option to extend until a ballon payment.

But still, within a few weeks you should have someone applying who is qualified from my experience - which is in Florida, not New York… but all things being equal demand works similarly.If marketed correctly now, it tends to point to price sensitivity (too expensive) relative to other similar offerings,  or some other detractor as to location or convenience.   

I just put two long-term rental properties on the market that we rehabbed in desirable area of West End Boise and demand is a little lower than expected.

It is a 1940s  2 bed/1bath that has been renovated by seller.