And no partner bank was willing to finance based on projections and a turnaround story, even though we had an SBA pre-qual.In the end we made the case to the sellers that no buyer would be able to obtain financing and got them to agree to 85% LTV seller financing.Happy to answer more in-depth questions via DM. 

As others have said, no REI is totally passive, if you find the right group with all venders in place, the investors that I work with find it can be a pleasant transaction.  

Third, the typical person renting a room is not a home buyer candidate. 

I just did a deal like this and the buyer's insurance gave her a policy as long as she agreed to fix the K&T within 60 days which she is doing now.

Lessons learned are related to the title process I use with sellers and buyers.

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else. https://www.kiavi.com/blog/out-of-state-real-estate-investin...https://learn.roofstock.com/blog/out-of-state-real-estate-in...

A property will be marketed and may look great, when I visit the property, I can then share The Rest of the Story with the buyer.

Lessons learned are related to the title process I use with sellers and buyers.

Plus there are many buyers out there.

I’m not a first time home buyer but wife would qualify, I want to put down less than 10%.