She originally asked for 2 balloon payments.

They have twice given me notice that they were prepared to initiate eviction proceedings at the owners request, due to late or incomplete  payments.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

One has a 162k mortgage, $1250 tax,Insurance,%3.5 30 yr, worth at least 750,000 LTR rent $3200, #2- Los Angeles worth   $750k as well just did a remodel of 150 K, mortgage is 75,000 payment $700.tax,Ins, Mtr/str hybrid.

The low down payment house hack is the way to go.

However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.

Given the market conditions and your hard money loan, it might be wise to first calculate your monthly holding costs, including loan payments, taxes, and maintenance.

If Tenant is late in the payment of any installment of Rent or Additional Rent, orin violation of any other covenants or agreements set forth in the Lease (a “Default”) and the Defaultremains uncorrected for a period of _____ days, then Landlord may, at Landlord’s option, undertake any

You can take out home equity loan and use that as a down payment on an investment property, but I'm pretty sure your return will be very poor.

-Interest-only payments, which help manage cash flow during the renovation.