Neither of those pencil out.I think you'd be wise to save the money and find your own leads.

so if you don't have a lot of money, then you'll have to save some up.hope this helps

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

Don't forget to change all your faucet aerators and shower heads to low flow it makes a huge difference as well as far as water usage and saving HOT water. 

I'm in good standing with a 810 credit score, no debt, and about $100k in savings.

This would reduce my monthly expense to $3,568, saving $144/month.Questions for the Community:Which of these options do you think makes the most sense for a long-term rental in NYC?

Ultimately because the commercial broker looks after the seller, that is their fiduciary responsibility.

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

Holding this for 1 month (hoping that's enough to refi) that's $5k.So my aim is to save money overall by making a cash offer and close it soon.

They can make or save a lot of headaches for you.