It sounds like they're looking at FHA loans anyways as the downpayment is a stretch for them.So can they just get a second FHA loan to cover the difference?

Quote from @Lizet Stretch: Hello everyone I am a newish RE agent in Vegas.

I am an equal opportunity offender when it comes to frugality and dollar-stretching ;)Ok, an attempt to be constructive. 

I am also, going to look to off-set the down payment with defined initial capital investment in renovations so I can stretch my monies and limit the amount OOP. 

He's the first person I stumbled upon who mentioned anything about simply taking over payments and stretching out the time (for the refi).Additionally, seller financing isn't just a good strategy for retirement, it's a great strategy IMHO for buying/selling--period.Furthermore, unless one puts his/her equity to work--via a combination of cross-collateral, a bank loan, and/or seller financing--that equity is simply collecting dust.

Then, you could use part of it to pay the balance on the property stretching out the term or pay interest only for a while which will increase your cashflow and get you additional capital to use if you need it or to buy the next rental.Plus, some lenders will let you lock the rate on the used part of the HELOC so it does not float up on you.

This is stretching it because most places don't even have this rent to price ratio.

Golf is becoming super trendy with the younger crowd too.Thermal is becoming more and more developed and is becoming a hotspot for UHNWIs because of The Thermal Club and The Thermal Beach Club so we can expect the stretch between Coachella and Thermal to fill in.Hope this helps!

Provided that you aren't stretching and overleveraging to get the larger property of course.When you're looking at the numbers make sure your investment works with 10% property management even if you will be managing to start.

That really stretches your $10-$15k out.Probates are a great lead to find these fixer upper lease options.