Its under contract.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

As such, you get under purchase contract with the home owner and if you successfully close the bank will get their lien paid off, owner will get whatever you promised him on top of it and you will get a title.  

Connect with local wholesalers, partners, hardmoney lenders and DSCR lenders and familiarize yourself with real estate contracts.

But properties priced and marketed appropriately can still go under contract in a matter of days.

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

And I go over house rules, I can usually tell after that what’s up , plus get your money first , have them sign a STR contract if you want, good luck ! 

@Chris Kay it's VERY difficult to cashflow with 0% down purchases.We do 0-10% down Land Contracts and know going in we may actually have negative cashflow - which is acceptable given the low down payment and avoiding mortgage costs.

Hey EvanI have had success for the past 20 years with marketing and getting deals under contract and closing with hard money.

For example:If a wrote up a contract between myself and the LLC for a loan on said money and the LLC was sued and forced to sell the property.