This would be very much like a borrower having the property rented at break even.So in short, a LO simply saying "he wouldn't finance" without running full credit and verifying income would be short sighted, in my opinion.July 3, 2022To Whom It May Concern,On November 14th, 2018 one of our holding LLCs, [LLC Name Redacted], entered into an agreement for sale on the property at [Address Redacted].

We would really appreciate some ideas on how to structure!!

If the property is not rented you can get a fix and hold or a bridge loan to complete the repairs, these loans are DTI sensitive.A couple things to do.1.

Any other idea will fail. 

I always make sure that my clients qualify for the "take out" financing (long term refinance) on the back end BEFORE I get them into hard money/private money so they are not stuck holding the bag with very expensive debt. 

@Olga DaiselNo one can answer this question is no idea how much the repairs areIf you say you want it to tear it down then I would not pay more than land value minus demo cost.

That’s another great idea we didn’t even think of

@Daniel McDonald and @Chris Berry I love the idea of hiring a friend (we don't have family in the area) neighbor or relator to walk the property every so often to send updates.

Investment Info:Single-family residence buy & hold investment in Weatherford.

I don't think that's a good idea, you are not getting much of a discount, the property needs a lot of work and you don't have the capital (25% down plus rehab) or the experience to take it on.Most important for your first deal is that you have a good experience and not lose money.