In terms of financing, if you have fairly good credit and experience with such project, you can get a short-term bridge loan to acquire the property and renovate it.

Then leave…Let me know what I should do or what you guys would do🙂🙏sounds miserable, I would walk away myself, try to leave w/o burning the bridge....then try something new in real estate, partnering w/family, house hack?

The length of the loan is also all over the map depending on the product, could be a short bridge loan type situation so it would be a shorter loan time, or it could be 15,20,25 or 30 years amortized.

Your post was inspiring and hopeful since I am hoping to bridge into this career full-time in 5-6 years. 

Perhaps gathering more information or choosing to make small adjustments in your marketing plans will bridge the gap for you.

Yes @Jeff Bridges.

If I'm working with a seller and I have multiple offers to look at, looking at offers with 90% financing can be unsettling especially if you don't have the extra cash to bridge the gap between the purchase price and appraisal.

@Jessica Bridges Thank you for sharing what you have done!

"Those people" don't like "us people" crossing the bridges into "their" territory!

REI: Real Estate InvestorREO: Real Estate OwnedROI: Return on InvestmentNOI: Net Operating IncomePITI: Principle, Interest, Taxes, InsurancePMI: Primary Mortgage Insurance(for 100% conventional financing, insurance covers 20% in case of foreclosure) HUD: Housing Urban Development(gov owned or backed financing from FHA, VA, Fannie may loans)SFR: Single Family Real EstateMFR: Multi Family Real EstatePM: Property ManagerHM Hard MoneyBL: Bridge LoanPI: Private Investor REC: Real Estate Commissions office.PML: Private Money LenderYou'll see these alot do a search.. 2% rule50 % rule