SUBJECT TO existing mortgage of $125,000CASH TO SELLER $10,000WILL REFI BEFORE TWO YEARS ONCE PROPERTY IS STABILIZED (I deal with local community banks and will do a commercial in my LLC to cash out at 70% LTV to recoup back some of my initial investment?)

Most people that I deal with don't want to share a house with strangers. 

remember 2 years ago it was near impossible to get spec loans.

@Marcus Auerbach - thank you very much for the suggestion I will definitely reach out as that type of guidance would be ideal.

I remember when I told my accountant, who personally invests in hotels, apartments and single family; that I was getting into notes, his comments was.. 

Remember that (generally) while the bank can not call your loan early or increase the interest rate, they NEVER want to give you back money you paid them. 

Just remember: most negative reviews are written by problematic tenants.

Ideally, they will own, renovate, AND manage the property all in-house.

SUBJECT TO existing mortgage of $125,000CASH TO SELLER $10,000WILL REFI BEFORE TWO YEARS ONCE PROPERTY IS STABILIZED (I deal with local community banks and will do a commercial in my LLC to cash out at 70% LTV to recoup back some of my initial investment?)

This data isn't ideal for this type of analysis.