I could get $1450+ or so on an LO and at least 2-3% down.

It would make a great L/O or Rental.

Stumbled upon this forum and I am amazed with the ton of info that available.I'm hoping to start out with LO and SUB2 soon.

Now if I would L/O the sub L/O when it came time to close would I have to do a double closing?

Our L/O agreements are really structured as an alternative to listing a property for sale while keeping it productive (getting rents.)

If you're NOT living on-base, only 3-5% down should suffice, meaning you may be able to purchase two properties for a total of 3. 4- Sell the LO property after two years, and use the proceeds to purchase another two investment properties.

I thought the whole idea of a sandwich LO was to give the seller a small option payment and collect a bigger one from the buyer.

Jared,Another quick tip from a Buyer Agent/Investor (who love's L/O), First find out how much $/commission the listing was for.

You can LO, wholesale it, retail it, seller finance, whatever fits.

To be a down payment it would have to go toward the purchase price, but since you're already buying for the mortgage balance, it can't go toward the price.The payment is pretty good if you want to sell it on an LO, but as you've already said, you need more than a year.