Have you already gotten an FHA loan before?

The only caveat is you are only allowed one active FHA loan per customer.

Can I take out a hard money loan for the 43K plus the 40K rehab amount and have him owner finance the rest of the purchase price to me?

There are so many "best str market" lists online and they always seem to include cities that do not allow STRs i.e Malibu, Manhattan etc...

Hey Kyle,Curious what loan you used for this transaction.

You could consider doing a cash out refinance of your current primary as an investment property with a dscr loan.From there get a low cost or zero down loan for your Primary.Use the proceeds left from the refinance to get your next property.There are so many different strategies.

Hi Chandana, This looks okay, I would say you could definitely get a better rate with 30% down on a DSCR loan.

Yes, my company did have me take some online courses but I would like more one on one training. 

The home is only worth about 85K so I’ve had a hard time finding a lender willing to work with smaller loans or smaller appraisal values.

==========================SAMPLE EXCERPT ONLY===================== This Agreement entered into on the_______day of ___________ , 20_______ by and between, _____________________ and or their assignee(s), herein after referred to as the "Buyer(s)", and _____________________, Herein after referred to as the "Seller(s) ".Seller agrees to sell and buyer agrees to buy the following described real property together with all improvements and fixtures and the personal property described below:Property Address______________________________________________________________________________________Legal description: ____________________________________________________________________________________________________________________________________________________________________________________________________________ County _____________________________________________________________.Personal property included: ____________________________________________________________________Earnest Money Deposit $______________________Cash To Seller At Closing $______________________Existing Loans & Liens $______________________New Loan To Seller At Closing $______________________Purchase Price $______________________The purchase price to be paid as follows: 1.