I am currently hunting down my first deal and cannot wait to start growing my portfolio.

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

The Dr. who owned then proceeded to CLEAR CUT it so neighbors got Zero trees then he waited a few years and he platted it and sold it.. he was not happy with the neighbors.

Many contractors don’t have the cash laying around to put out upfront so they look for these types of seller finance.

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

Starting small with solid fundamentals and not waiting for the "perfect" deal was key to getting started.

Since are closing in on renewal time it may be wise to have a firm conversation with her with expectations on lay payments as well as an increase of rent.

@Julie J.My recommendation would be to wait until you can afford a home with traditional financing.

(no waiting period to simply refi what is owed) DSCR programs are not purchased by Fannie/Freddie so they can set their own rules and some have a waiting period as short as 3 months. 

Why wait five years to reassess market rates?