If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

You can pay for it with an FHA loan or a standard loan.

Just wanted to share some insight regarding foreign national loans and mortgages for international investors without a FICO or US credit score asI've had a a recent uptick in international buyer activity and interest.  

I have a separate, steady full-time job that would allow me to take on the negative cash flow every month.Note: The home is already 100% furnished, so there is no need to buy furniture.Appreciation and Loan Pay-Down:I would offer $550k as the purchase price.

Loan Paydown/Equity Growth - Grow equity for "free!"

Having a standard W2 job will allow you to get loans easier if you want to start buying investment properties. 

where are you getting a loan with only 5% down?

Hard Money and DSCR loans for a BRRR project in a medium sized city in Texas

These improvements modernized the property and enhanced its market appeal.

I have a conventional loan held by Mr.