This house looks straight and solid with several additions but exterior it looks good (design) needs full exterior paint and finish and noticed extreme little physical repair. main house 2600' garage and adu 500' and additional 250' storage building.neighbors have been in the house and kept it secure from homeless and drugs. they say it is not torn out but the old lady never updated anything.

Obviously this would be more advantageous in a 'leveraged account'My questions for any of the experts or others out there who have used this method are;1) Have you had clients that do this (or yourself) and does it work as straight forward as it sounds?

It could be straight payments till paid no interest example would be $500k purchase price and you pay $2500 per month until paid.You could offer interest only with a 5/7/10 year balloon30 or 40 year amortized loan etc. 

1&3 are straight up legit....#2, not so much.  

For those that can afford to jump straight into the $1M+ price band, there's less competition and more cash flow in multifamily, with day one cash flow being possible in that category, as well as appreciation, which is why I like that asset class the best personally.

It's a straight forward flip, we are actually rehabbing a condo located centrally and our underwriting shows us this should be relatively low risk. 

Personally, I don't like properties near airports unless it has some other value then a straight rental or owner occupant.

I would try reaching out to a mortgage broker (versus a straight up bank)... they usually have more lenders to pick from... you can't be the first one to have this issue, and somewhere is going to have a solution for you.  

Maybe it would be a better move to just buy the property outright and rent back to her, that way it's a more straight forward transaction. 

Economic Update(Monday, July 6, 2020)The big economic news this week is the second straight employment report which surpassed expectations.