A deal that’s “close” but not quite right can still cost you big.

They give no official closing documents, just internal documents that I'm guessing are fraudulent. 170% profit in two years is a HUGE red flag🤯 

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

Hi Jason, It sounds like you are looking to do a cash out refinance on your investment property and quitclaim deed to an LLC at closing? 

Also, don't complain about your offer not being accepted - just submit a better one or walk away - the seller doesn't care about anything other than how long its been on the market and how close to ask you are.

Hi, I'm closing on my first STR in April a 3 Bed/3 Bath property. 

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

That could come close to covering expenses.

Close date comes and goes and still not a word from the seller.6.

That leaves me with 2 houses, both rented but one of them needs to go too.All this is close to the end of a dead end street.