Welcome to the community and be ready for a huge amount of information at your finger tips.

. :)The best book I've read is "The Unofficial Guide to Real Estate Investing" by Spencer Strauss.

No reason to get all bent out of shape :) (it was showing that I still owned those houses on my profile and I’m getting ready to buy my legitimate first property this year).

., lender reputation, conditions in the letter, proof of equity) that you look for to validate the buyer’s financial readiness?

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

I finalized the property on May 3rd and they told me they already have a tenant ready to move in (they did not take my approval or anything or even informed me their background).

I appreciate your ready-fire-aim approach, @Brendan Duggan, but you’re likely creating loans that might only be saleable at a discount.

Neither are sexy or net big gains but I'm moving forward paying attention to trends and ready to pivot as the market pivots.

This will come in handy next time you are ready to lease.

Lenders don’t like uncertainty which is why they customarily want shovel ready sites.