Cash, with seller-financing or a LO.  

Did your LO take this into account ?

Is that the wiser way to go in your extensive LO experience, sir?

@Lo-An Schoeman,There's too many variables to make a guess.What kind of heat does it have now?

That would quash the LO idea for me.Sub2 may work if you place a TB on a LO that is handy and wants to earn part of their option consideration in the form of sweat equity.  

Nope, it's not at all crazy for a tenant to own investment properties or (technically this next one is fraud) a property they purchased in their name as an owner occupant for their cousin Billy to live in (1st/2nd gen immigrants often do this, or at least try to, sometimes without even realizing this is fraud... and then I say something like "Uh, your LO and agent when you, who speaks English as a second language, purchased this place, that you now want to refinance, told you WHAT?!?!").

@Justin Whitfield, I was going to take you halfway there and hand you off to a CPA and lo and behold there she is with the answer already - .  

If you would like a recc for an LO do discuss the details with I've got a great one (or three!)

(the assumption here is the two are similar condition and neighborhoods)Yes, Orange County *might* be the value play and achieve better appreciation in the L O N G run for a SFR.

So the big bank LO had an incentive to play the "yah yah yah you will be fine, sure, here's your preapproval letter, yah yah yah" game.