Its great that the seller is will to carry a note in a seller 2nd as well, that will help reduce your require monthly payment with the right lenders.

Digging into off-market opportunities, networking with wholesalers, and building relationships with motivated sellers can put you ahead of the competition.🔹 Creative Financing – Traditional loans don’t always work for distressed properties.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Have you thought of doing Seller Finance?!  

Don’t send them to find motivated sellers.  

It's definitely a sellers market here, the problem is, we can't find sellers.

Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend. I understand that they would all be considered ...

Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.

That means positive leverage and that isn't where sellers are today. 

For your next step, you might want to look into seller carry arrangements and joint ventures.