Well, not a "rent to own".2 separate agreements1) Purchase agreement, with a closing date "up to 6 months", no contingencies, non refundable EM2) Lease agreement for 6 months, or upon them closing, whichever occurs first.Bot only if, they actually were fully approved for their loan, and your house appraised.

The lender I have been working with will allow me to take out a loan of up to 75% of the sale price I have negotiated, which is $210k, or 75% of the commercial assessed value, whichever is lower.

PJ, I'd say start with a local bank or credit union that you already do business with.If you don't already do business with any of them, I'd say start keeping your eyes open for whichever ones are near your home, since you'll want it to be convenient.Once you start to be on the lookout for them, you'll start to see them everywhere, at least that's what happened with me :)

They will lend up to 75% of the ARV or 90% of the purchase price and rehab cost, whichever is less.

@Corey Davis you may want to consider HML for some projects and a JV for others. like Rich said you don't want to miss a deal from lack of financing which ever way you can get it.

Can i put "193k or payoff, whichever is lesser" in the purchase price slot because i dont believe him on the payoff amount? 

Google real estate assessment lookup for  your city or county - whichever one taxes your real estate.

Myranda, whichever path of REI you choose I just want to wish you success in it.Have a Great Day & Happy Investing!!

Sale price or appraised value, which ever is less, is the value of an asset within that marketing time period, after a year it will be the appraised value. 

Please know this rule inside and out (it's a little complicated):  Delayed Financing allows you to get back your purchase price + closing costs (of when you purchased the property with cash)  OR 75% of the ARV.....WHICHEVER IS LOWER.