I just secured a deal in Solterra which seems to have everything in order regarding rules.

Then you get a servicing company involved to service both loans to make sure they get paid.The buyer in a wrap mortgage is just as protected as a buyer in a regular mortgage.

Which one is more appealing - continuing to own the house or the security of that much cash/liquidity?

I guarantee you are more likely to secure favorable terms if the seller likes you and can imagine you as a great operator for the business.

They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

Prior to investing, I asked my coordinator if the loan was secured and she said yes, it was secured by their property portfolio.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Look for a place where you can secure items that you do not want tenants to have access to.