Typically, distressed properties literally sell for Market Price - Expected Rehab Costs, so any equity gained is mostly sweat equity.

Hi Joseph,As you experienced, most lenders won't go below 100k, but there are options out there.

I like having options so something to consider as well!

Do I have any other options?

I'm looking at finance options to purchase an entitled lot in Truckee, CA and build a SF modular home on it as an investment.

The have a software option that's affordable and links our PMS Hostfully to QBO to automate a lot of record keeping.

It's essential for the property to maintain a DSCR Ratio of at least 1.0 across both notes.Considering the present market conditions, refinancing might be a more advantageous option for you.Please don't hesitate to direct message me if you'd like to discuss this further.Thanks,*

It seems fairly difficult to get into something there but I may reach out in the future @AJ Wong if we decide to move forward.I don't live in the area so it wouldn't be a hosted rental situation @John Mason but it's good to know about that option. 

I typically stick to my large Facebook group and steer away from all this.

My father served in the Navy for 4 years - Can I do a joint loan with him and utilize the VA loan options?