Originally posted by @Brian Gibbons:If that's residential you only need 3% for the mortgage so I really don't understand why they want 30% down, 10% down on owner finance is plenty A lot of potential buyers can't get that kind of traditional (aka "legit") financing, Brian.

It would require you to furnish the room, however, you can get higher rents than you would be able to get from a traditional rental.

enabled trail cams that probably alert you in real time (which would act just like the other traditional security systems).

Have you thought starting with a house hack then going into a traditional investment play?

Wholesaling is traditionally defined by the investor community as "the assignment of a contract" but some people define it as buying a property and reselling without doing any work at all which is known as "wholetaling" which is simply retail real estate.

All are viable options, but traditional purchase (off market, or good MLS deal) is probably best for you.

Personally, I use the Starbucks monitor for towns with predominantly traditional single-family house neighborhoods and driving as the main mode of transportation.

Your father-in-law is right.You may not have a traditional product to selling, but you are selling space.

You have an inspection contingency and when you receive the inspection report, you should include a repair estimate along with the submission of your counter offer.It is exactly the same as a traditional sale, but the lender, in the case of a short sale, can reject your counter-offer.Of course, the listing agent may not want to go through the extra steps that are necessary and you may have to wait additional time for review, but the fact is many lenders will allow for necessary repairs.However, keep in mind, if your already buying the house at a discount, your less likely to get concessions from the lender.

So far, no answer.There are times when a Quitclaim may be useful, but not when transferring property from seller to buyer in a traditional property sale.