I’m on my second project and now I’ve bought a property that is 4 blocks from a major university.

I’m on my second project and now I’ve bought a property that is 4 blocks from a major university.

We have saved up around $6k that we are willing to invest and can access around $35k through a heloc. 

You can see a Texas Tribune article about the recent ruling.A bill to block cities from heavily regulating short-term rentals made it through the Texas Senate during the last legislative session, but it died in committee in the Texas House. 

I am not a wholesaler, but I don't see how having access to the MLS would be much of an advantage.

Dear BP Community,Would any of you have any suggestions of good books or other resources that I could access to learn the basics of commercial real estate investing? 

You don't have access to some of the low-down owner occupied loan options that allow you to house hack.

I would love to access this for cities i invest in. 

Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.  

We will definitely be changing common access locks, basement with laundry and storage area, just in case an old tenant kept a copy.