And think about what will happen when interest rates eventually come down...When interest rates go down, mortgage applications go up like clockwork, which leads to more demand, which will likely lead to increased home price appreciation. 

They will be nowwhere as good as getting a mortgage just on the credit rating of the business.I hope that helps.

Hi, I've joined some communities online to network and find offmarket properties but it seems like people don't have a whole lot of information about the properties.

The payment for the $150,000 borrowed will be $1000 or more, plus you'll have the mortgage payment on the new rental.

@Chase CaudillDid you have a mortgage contingency?

As Kevin mentioned I had to buy with cash as they wouldn't qualify for conventional financing, I fixed those problems and was able to put a mortgage on the property. 

I need to shift now to having practice sessions in doing research and in watching auctions online.

I would house hack subsidize my mortgage which gives time to build up capital and would refinance to conventional loan and start my next investment!

Seller financing mortgage is paid at closing by your funds left over funds are yours.

What I would do is do a search online or check with a local realtor or buiness broker to find a property in your area.