I try to have my cake and eat it too, I go for rents that are 2.5% (per month) of my purchase price in the best areas that will allow that.

@Nicholas, definitely not actually knocking Iowa, but I want my cake and to eat it, too.

Welcome and good luck on your RE exam...its a piece of cake!

Getting the loan is no cake walk too. 

Hi @Nick Ovington:1- Definitely work with an independent mortgage agent.2- Can't have your cake and eat it too.... if 100% of the purchase price is financed, yes, you'll have a hard time cash flowing positive.3- As a tenant/buyer, or an investor?

That would just be icing on the cake.

A single-member LLC is a disregarded entity, so it's cake to structure that way.

Both options sound great but let's just break down the reality.The conventional buyer is probably not going to go for an owner financed option when they qualify conventionally.That said, if you choose to go with an owner financed option with another buyer I do not see why you can't have your cake and eat it too.

I meant to mention before that the deal I spoke of is indeed off-market, it just so happens the wholesaler who is trying to assign it is also an agent and wants his cake and eat it too, by a commitment of exclusive right to sell.

It would more just be icing on the cake.