Points will be deducted for deficiencies and remove subjectivity in the inspection process.

FHA 203(k) loans are good if you plan to live in the property, offering a low down payment.

Gio K

Further, the reason for sale sub to may be because of some property deficiency that does not allow the property to qualify for new financing, or the property may not be worth the amount owed forcing the seller to “compensate” a higher than market price with either “easy or no qualifying” or a low interest rate.

I currently work FT on W-2, with zero debt, 401(k). 

@Suraj K.

Quote from @Steve K.: Wow I just got caught up on this @James Wise, bummed I missed the live action.

Love this @Michael K Gallagher. 

These loans often have more straightforward qualification requirements for investors with multiple properties but may have slightly higher rates.Cash-Out Refinance on Your Single-Family Rentals: If each has around $70k in equity, a cash-out refinance could provide some capital for the down payment, renovation costs, or even help you buy the 4-plex outright.FHA 203(k) or Conventional rehab loan: If you’re planning to occupy one of the units as a primary, FHA’s 203(k) loan or a conventional renovation loan could help with purchase and rehab costs at lower interest ratesPortfolio Loan: Some local banks may offer portfolio loans for investors with multiple properties.

I do potentially have access to private money if needed, and a 401(k).