YES, the unspoken TRUTH of it all is that a MLS listing STARTED life as an OFF-MARKET deal that a REALTOR dug-up, discovered, ran down the rabbit hole of analysis, confirmation, negotiation, and MADE an ON-MARKET purchase opportunity. 

And I note you completely skip the mountain sized hole I blew straight thru your premise.

Otherwise, I have all the time in the world to watch you keep digging a bigger and bigger hole for yourself. 

However, I have an actionable plan set into place now, with the monetary means to set my plan into action.

It was a HUD home, that was boarded up, stripped, and there was a large hole in the wall where burglars had cut open to ransack it.

(Otherwise they shouldn’t be buying As they won’t be able to afford any repairs.)If you took $15k down and they started missing paymentsyou’d be in the hole.

I think the thought of rental real estate as passive has led many an investor down rabbit hole and disappointing a majority that thought it was going to be nothing more than clipping coupons.

In the short term rental loop hole there is no loss limitation and that has the potential to be your best option for offsetting W-2 income.

But, I think my financial situation may be good enough to do a 5% conventional loan, please poke holes in my plan if there are any. 

., to see how far down the rabbit hole they are willing to go.