Maybe a manager would consider discounting to 8%.

In this cas you own but it's fraud, orange jumpsuit not so flattering.For a "win win" in a distressed property the seller has to get a big sales price or high interest rate for taking the risk.

I assumed this was something a management company does and at any rate they said no problem.After about a month and various excuses for delays in getting a quote, I decided to get a backup quote from my normal insurance agent.  

I can some up Western Wealth Capitals financial problems with Three words:  "Variable Rate Loans"!

They compose yearly repair rates for all major appliances they service based on their own service call numbers.I am just posting this info for everyone to read about these units.

This rich area lets them buy buildings with many homes without paying upfront and at good loan rates while also using their VA loan perks.Good luck!

With a  7% interest rate on that loan you are looking at just shy of 4k per month or 48k per year on debt service.  

That may make sense when rates are at 2.5% but it doesn't make sense at 7%.

I work with out of state investors here on the Mississippi gulf coast and we are still finding cash flowing deals even with these higher interest rates!

Some are forgivable at a rate of 20% per year and after 5 years they dont have to worry...Others take 15 or 20 years before it becomes 100% forgivable.Some are not forgivable at all...With this deal I would be less concerned with equity that exists and more concerned with the amount of that equity can the "Moderate To Low Income" of a Habitat Homeowner support in loan format.I am almost certain that its possible but your going to want to know the terms of the DPA/ Grant so you're aware of the actual cost and you have to see what the DTI looks like to see if it will fit what theyre looking for.