The good thing with a lease option is you may be providing a option for someone to become a homeowner who otherwise would not qualify.

Indeed it Is near impossible to qualify as real estate pro here with a w2

They would prefer that the house is either sold, or be bought out.I could be to apply for 203 K loan if I am willing to stay in the property for a year as my primary residence.

Investment Info:Single-family residence buy & hold investment in Beaufort.

Many homeowners seem to be converting their once primary residences into Airbnb rentals rather than selling, benefiting from their low-cost basis and the low mortgage rates they locked in.This pattern could persist, possibly diminishing the profitability of STRs for quite a few.

If the goal is to "just get it done," and there are residential realtors involved that think closing in 21 days matters (in the SFR world, it does), then this honestly may be the best route.A true commercial loan will have an interest rate on-par with a 30YF primary residence SFR rate, but rather than being a 30YF, it'll be fixed for 5-7 years, and then you have to pay the mortgage off entirely, most commonly by refinancing. 30 year amortization may still be in play.

Both the property management company & the condo's Board of Directors are running a search for a qualified property manager (I've been engaged by the Board to assist in finding candidates).

Investment Info:Single-family residence buy & hold investment.

This is a pretty weird question, I know, but I am curious.I get that you can do deals pretty much anywhere, and there are good deals all over the country, but I don't believe that the markets are equal in this regard.For example, if the seller has the ability to look at your credit as an investor (which throws out one of the sole purposes of doing a seller finance), versus states/markets that don't require that as much, I would like to know the states/markets where owners checking your credit history is not going to be prevalent in a deal, assuming the seller is willing to do this kind of deal with you.For context, yes, I am a new and aspiring investor, and due to certain circumstances, my credit is currently not the best, but I don't want that to stop me from investing in real estate (which is why I'm leaning to using seller financing).Please no answers saying that I should just raise my credit score and get an FHA/Conventional loan, because I am currently working on raising my credit, but I can't give a time on when my credit will be "back to normal" again, which could mean I could be stuck on not qualifying for a loan for the next couple of years (ain't nobody got time for that).Thanks for the help!

Pays for my prime resident taxes, and living expenses.