Contact buyers’ broker to review buyer(s)’ qualifications and discuss offer.120.

I secured his investment with a Note, Mortgage (first-lien on the property), and a Pre-Qualification letter from two different lenders who will lend to me when I decide to refinance out of the private mortgage and into a 203k mortgage.When I refinance into a 203k loan, the Lender will combine the outstanding amount I owe on my private mortgage (it will be $85,000, as my loan is interest only, and does not amortize), and combine it with the contractor bid to get a total amount.

I also make buyers send me their pre-qualification letters through email or texts so that it increases the likelihood of having a serious buyer as opposed to someone who may want to do an agent harm. 

Owner financing agreement with assumption without qualification and release of           liability.8.

Looking for a mentor to start into evaluating/qualifing properties in the region and eventually move back to the state after my first or second deal. 

@JR T This article says, "Courts have long held that hiring on the basis of sex is permissible where sex is a bona fide occupational qualification in the context of serving privacy interests." 

So 'home office' is not the SOLE qualification AND I get mileage,   Like so much IRS regs, complex boolean cases to reach the correct solution. 

I'd say save up to a certain dp amount or have a pre-qualification letter first, then grind potential property 2-10 weeks and you should have it.

The purchase price has a lot less to do with it, until you figure out down payment, your qualifications and what you are looking to buy. 

But after that, I moved to using commercial loans where my DTIR was not an issue, as (other than a minimum credit score requirement) the primary qualification was the appraisal and cash-flow of the property itself.