If you mean this past March 2024, conventional financing wouldn't be an option unless you wanted the LTV to be based on the purchase price of the property.

They currently have a conventional mortgage at about $800 a month (3.25%).

He started with $25k in 1983.More conventional “wholesalers” I know try to “flip” the subject property before their purchase contract expires.  

Warrantable condos can get traditional financing, such as Conventional loans.

If a seller is offering $10k in assistance but the PP is only $189k on conventional a loan with only 3% contribution allowed, what are all the options for the for any of the left over contributions after. paying closings costs ?

Pick an area and make an inventory of all of the locations.

It's a good market if you stick to the inventory that requires some updating, renovations and minor repairs.

You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).

High prices + high mortgage rates + low inventory is making this a challenge.

You could also get conventional financing on the next one.