But as Chris mentioned, buyer has to own the property, not a contract for deed or something like that.

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

You mention having a mentor.

For that period PS only provided 51% (3746/7259) of the leads available within the county records for that periodAcross all 3states for the 167 counties compared PS provided only 38% of the leads available within the county records for that period.I also found that  PS data was at least 2 weeks behind county data across all counties I mentioned above.

If they have an legally binding agreement, you need to honor that agreement and pay the fee.If you failed to mention to the agent that they are going to get paid, and then explained how, of course they won't present the offer.

Not to mention, they probably won't want to admit it if a building they manage is in really bad condition.If you're serious about buying you should first talk to fellow investors and define your buy box.

But as was mentioned above, you need expertise and experience.For the first 2-3 years of activity investing in real estate, I had to use my own money sources for down payments.

Quote from @Chris Seveney: Quote from @Don Konipol: The potential problems mentioned by the responding posters in this thread are real and well thought out.  

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.