She sent me a letter from Commercial Property Advisors, Peter Harris, which stated she had approval for funds sufficient to cover the purchase price and below it listed a Wells Fargo business account showing funds in excess of the purchase price.

The owner has purchased a property like any other real estate transaction, and they own the physical property. 

For an auction.com purchase in Washington you have 2 options. 

I'm scared to purchase a second home but we have the funds to do so Do it!

However, due to keep purchasing real estate, my DTI is high and close to 50%.

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

The more experience earned, you gain insight into comparables, learn neighborhoods, get better and better in determining a real deal from a stinker.Sounds like you earned a little break now!

We purchased the house about 3 months ago and are owner financing it.

They will lend you their IRA money.My friends and family lend me 100% of the purchase price AND rehab money.

Purchase price: $62,000 Cash invested: $60,000 Project in progress: Off market dealPurchase: $62,000Rehab: $60,000ARV: $165,000 What made you interested in investing in this type of deal?