Depending on the property type and terms this can be justifiable but usually reserved for those with ample experience and higher risk tolerance. - Higher and Hard Deposits.

What made you interested in investing in this type of deal?

I’ve been looking, albeit a short time for these types of homes in CO, MT, ND, SD, NM etc. haven’t seen anything @ $9500 sales price let alone move in ready... my guess is you buy from a wholesalers?

I'd love to see their actual itemized cost estimation because getting access to that type of estimation software is $1k a year and not worth the added expense

First, what type of Trust did you title in? 

@Dave Allen  I don't know if any lenders can comment, they may suggest a different type of loan but if you are half owners  I would think you would split the income but if you were living there I see why you did it the way you did.

This is the type of streets you should be looking for.

Really we are just looking for a place to start and the type of people to talk to.

Can you purchase a property with a Hard Money loan and then refinance into a different type of loan to have a lower interest rate?

But certain tenant types I would accept nothing but cash.