I initially started researching on Bigger Pockets to find discussions on strategies to weather the storm in a declining market because that’s the biggest fear for us to get started.Thank you for all the information so far and I look forward to being an active member on the forum.

Are there any lenders on here that would finance initially for say interest only payments for 6 mos-1 yr until we could refinance?

Initially my main interest was fix and flip, but it seems like buy and hold is also a good option.

Hi,With your infinite wisdom, are you guys aware of any way commercial properties can be procured directly from lenders?What I am hoping that if owners are defaulting on their mortgages, one could contact them and ask...

Are there any lenders on here that would finance initially for say interest only payments for 6 mos-1 yr until we could refinance?

Items needed include:  new HVAC (current was installed in 2003), new water heater (the house has two, one is new, and the other was made in 1998), significant bathroom repairs/remodels in both bathrooms to re-do unskilled labor, window replacement to re-do unskilled labor, destruction of the garage and rebuilding the roof to be without the garage, destruction of a cinder block wall that was supposed to be used with the garage, finishing the driveway that was half-completed, fixing plumbing violations, new flooring and paint in the entire 2000 sq ft house, updating tax records with number of rooms and bedrooms, and some cosmetic updates.I initially offered $90-95k range, and said I would present a final offer upon review of the repairs.  

What is the initial investment?

Or would that have to come out of my pocket initially then be reimbursed by the assignment?

My initial intention was to use a HELOC to add a 1/1rental by closing in the carport and screened porch.

You could always cross it out, initial and add"this contract is assignable."