If you think you can find a higher quality tenant, then that is a different conversation entirely. 

It may require different insurance too..

Looking to limit the amount of cash I need to put in (ideally under $10k) by leveraging different financing options @Eric Huntermark I think less than $10k down on a purchase price of $150k is going to be hard to find.

It's not hard for humans to justify their behavior, however I believe if Peter Harris is truly an honest person that he should stop this sales process at once and use a different, more honest, more modern sales method.Final Conclusion- I did my due diligence after the first phone call, there was not much info to be found.

If someone says something off or incorrect, someone else with either more experience or different views can respond. 

We utilize this for different industries as well but our main niche is real estate since we are investors.

For example, we do a lot of work within Philadelphia and Pennsylvania (both have different standards regarding legal/safe lead-levels).

@Chelsea DiLuzio the Midwest markets are way different than the markets out west!

Consider using DSCR loans- Cash flow of the property is considered in lieu of your income3.Consider purchasing in a different asset class (Large multifamily) where borrowing will be a function o fthe property income, not yours

Do you know is it different today with the idea behind "subject to" purchasing in IL?