People buy/sell on lease option contracts (i.e. the Joe McCall, Wendy Patton, etc) either as a sandwhich lease or homeowners just choosing to sell or buy on a LO. 2.

The most IMPORTANT part of ALL of this is to make sure you are working with a loan officer that has the experience and know exactly where to take your loan to make sure you can  ADD back expenses or the LO runs it up the flag pole upfront with the lender to get the green light.  

@Jim VoraCraigslistFind a listing agent willing to list it on the MLS for a flat feeSocial media - Almost all of my Sub2/LO sellers and RTO buyers come from local buy-sell-trade Facebook groups!

I'd say good luck getting showings, inspections, or any of that done with an angry L/O Tenant in there.

If I were in your shoes, this is what I'd do. 1. review/read the details of minimal requirements (see Brian's link)2. compare the agent's proposal against the requirements and see how they match3. determine your comfort level and decide...Sidebar: I took a few minutes to see if I could find any recent L/O agreements in Cumberland county.

Regarding LO homes that do not appraise...At the beginning of the option drafting you can have a formula "either or" for strike price"Either $100,000.00 or new appraisal from xyz appraisal company,  whichever is higher"Then the lease can be renewed and new option.Account Closed

Christian,As Dave mentioned, I think explaining your situation to your LO and getting pre-approved is your best bet.

I have been doing research into becoming a loan officer to learn the financial/loan side of REI while also having a stable income to start my investing journey, but don't have the loan/banking experience that most banks or mortgage companies look for when hiring either an assistant or LO, if there's any info or advice as how I can get started or what to look for when searching for a job in this particular field.

Have you rented (or L/Oed) the place yet?

It was fine, but if the plan is to hold for the long term, it’s seems building from scratch puts me in a better position as lo g as the numbers work🤔