For borrowers or investors interested in properties that sellers will not carry or without an assumable loan or accessible reserves, my suggestions would be to try and secure a seller concession towards closings costs or an interest rate buy-down.

As an update though, we did move ahead and were able to secure a 1X close construction loan that automatically converts to a 30-year fixed rate. 

@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

We have ended up being the latter a couple of times in 7 years because we started off trying to be helpful, but have put policies in place to avoid it:Our rule of thumb is that you can’t be behind by more than your security deposit.  

Umpqua Bank:Seattle Credit Union:Keybank:Bank of the West:Banner Bank:BECU:First Tech Credit Union:PenFed Credit Union:OBee Credit Union:First Security Bank of WAFigure:

She now has a stable job with the city and offered to pay double the security deposit if I would consider their application.

So, I've officially on boarded with Exp here in HI, I didn't expect the signing up and all that other on boarding stuff can take so long to do!

In most cases they will try and help where they can.Not saying this is right or wrong but I had a similar situation with a property and after getting past the underwriting and securing it I went to the city (Atlanta) and said I just acquired the property, realized it was a quad that was converted from a duplex sometime in the distant past but the building was still zoned as a duplex and wanted to go through the process of having it moved to a quad.

Pros:Potential for Bargains: Auctions can offer properties at lower prices than traditional listings.Speed: The auction process is usually quicker than traditional sales, with a defined timeline for closing.Transparency: The bidding process is transparent, and you can see competing bids in real-time.Cons:As-Is Condition: Properties are often sold "as-is," meaning no repairs or warranties.Limited Inspection: There may be limited opportunities to inspect the property before bidding.Financing Challenges: Securing financing for auction properties can be more challenging and may require quick approval.Auction Fees: Be aware of any additional fees, such as a buyer's premium, that could affect the total cost.I hope this helps you out!

It's just not that easy and the 9-5 is the security you need to invest and keep investing.