You can do an  upfront PMI buyout and roll it into the mortgage balance so it's not paid out of pocket.

If it is 5 or more, then it is a true MFH so you should ask for the rent roll as well as the T12 (or what he does have of it) to gauge the expenses.

You can roll that commission money in as part of your down payment during the escrow process. 

Go driving for dollars, build a list of 500 houses (mailing becomes a lot cheaper through Canada post once you pass 500 at a time), go to city hall and look through the tax rolls, and see where the tax bills are being sent (ie where the owner lives).

And with a good tenant buyer that is willing to pay in a little extra per month toward the down payment, you can get them to work... and ultimately collect your profit on the backend, or on the second and third lease option tenants if that plays out.The clear advantage of going this way is... if you dont find a "GOOD" lease option buyer, you are not obligated to the sellers... just let the bank take it like they were going to anyway.Pre-foreclosure lists are easy to find, and because getting a short sale completed is a numbers game there are often many sellers in that niche that could not get the short sale done, and are going to walk... you can cut your teeth on those until you get your system fine tuned.On a side note... the other way to go is to get a mailing list of absentee owners from your county tax rolls, or realquest.com.

:roll: Better yet, do you mentor?

I talked to one homeowner that got $30k cash at closing that was supposed to help supplement payments--this is in addition to 100% financing and all closing costs rolled into the loan.

That combination started a ball rolling.

You can roll the cost of ANYTHING into the cost of a property........if you can get the bank and/or seller to agree to it!!

:roll: Look at Zimbawbe, where they now print $50 MILLION dollar bills that will barely buy a hamburger.