A seller can not sign away his rights in a purchase or any other document.

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.

I partnered with him and purchased my first property here in Columbus, OH.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

It is possible to get 90% of your purchase price and 100% rehab funded as a first timer in 1-4 units.  

Quote from @Yash Shah: Hello everyone,I'm new to this group and would love to hear your thoughts on the pros and cons of purchasing a corporate or bank-owned home.

I purchased a townhome in Fort Mill, SC (Lancaster County) in July 2023.