The property is in a good blue collar neighborhood within walking distance to an excellent elementary school. 

We loved those units in terms of they were unique that you walk down the front steps to be on the beach sand (the entire unit was on the beach) but financially they did not make sense to keep. 

Offer should state something like "Seller to carry the First Trust Deed & Mortgate"(3) a loan processor would be entirely up to the Seller and you agree or walk. 

I've walked a previous project of his and has high quality finish.

I have less than a year left in the Air Force, so a steep task at hand is to gain enough traction in real estate to walk away from the service in 11 months.

Bedrooms are small and no in-room closets (has large-ish hall closets and attic storage however), one of the bedrooms is a walk-through.

I did my final walk-through on the 2nd, and I was super impressed with the condition they left it in.  

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

Don't walk away.......RUN

I think if you are willing to get out there and just be "you", you will find that the world of real estate is a pretty accepting place, and under this big tent you will find people from every walk of life - introverts and extroverts alike.