Are they wanting so much reserves in addition to the down payment?

Also typically 80%LTV is reserved for purchases & rate/term refinances, cashout refinance is typically 75%LTV Happy to connect further on any of the options!

Hold a reserve to help you through the rough patches.

Vacancy: I know it is prudent to be conservative with vacancy, but I have confirmed with the tenant he wants sign a lease for a minimum of 2 years and potentially up to 5 years.

Read through your PMA thoroughly to confirm.

I put 15% down for our deal, and it gives us more flexibility for the future- The template for the Contract for Deed is the general Contract for Deed for the state of MN (where I reside) - We are getting title insurance and ordered a title commitment to confirm there are no liens or claims on the property I feel like I've educated myself on different seller financing, and understand Contract for Deed protects the seller more than the buyer, so I understand why the seller is going that route, especially if selling Contract for Deeds is how they do their business.

I have a few groups approached and all confirmed understanding the rule.

If mixed in with your deposits and reserve funds, you may accidentally spend money you shouldn't have.

What will be interesting is to see how condos react in florida with the new laws on reserves and repairs.

That's not cashflow, that's raising investor capital to return investor capital and charging a fee in between.2) Claiming a low basis of $132k/unit while loading the deal with so many fees and reserves needed to make it not an immediate foreclosure, that the all-in basis is actually $193,952.