A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

Many investors who want a leg up over other offers will do this.

Now I am living in a fixer upper and once done will refi and move to make this a rental.

I have clients that go HML for a fixer upper and get 100% financing for the property and rehab and then they can rate and term refinance anytime, even after day 1, As long as the LTV is supported by the appraised value.

If this sale happens, it will probably be a cash deal, at least that's what it's sounding like to me.The potential buyers concern is his ability to rent both upper and lower flats.

David good to meet you, I am also a David.Have you heard of a creative Contractor( General ) that would be willing to take his labor on a multi unit fixer upper as rent. 

@Timothy Grothuesmann  now that I think about this.being a bidding service on the west coast could have some legs... 

Lower Initial Costs : Buying a fixer-upper can be more affordable than starting from scratch.

If he's looking at fixer upper homes, then it may make sense. 

It is a complete fixer upper.