Sale Price$171,000 - $55,000 (Rehab) - $13,680 (8% fees) - $40,000 (profit) = $62,320 MAOFrom talking to other investors and doing research, typically a Novation allow more money to the seller, correct? 

Yes, you bring home more each month but when you compare the amount you bring home versus how much you had to put in, the returns are typically significantly lower on your money when you pay all cash.

For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.  

If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

Quote from @Polat Caglayan: Can you give me a few examples of where and what kind of investments I should not make?

For example, Southern Spain tends to be more affordable than the north, especially if you look at rural areas or small villages.

While these vendors are typically reputable and skilled, you might not get the best price compared to shopping around directly.

If the state matters, I'm interested in Connecticut@Matt WanThe key to understanding being “in person” is that you can be “in person” anywhere there is a notary or other person who can certify your signature… typically.  

For example, if they need a quick sale, emphasize your ability to close fast.