Paying 2% of sell price to buyer.

of course this is a correct description but lets talk a bout reality.very few loans for most investors will be non recourse unless they are very large loans but the average under 1mil loan 97% of the time will be full recourse unless the lender is not ready for prime time.

What do you think of the market currently?

Purchase price: $225,000 Cash invested: $50,000 Fit criteria of A and B rated school in good area that could appreciate over time.

You are in the same spot a lot of current homeowners are in.

and of course a lot of DSCR loans are quote with a 5 year pre-payment penalty which of course can be VERY expensive if you have a 5 year flat 5% PPP and either rates drop or market conditions are such that you would like to sell the property. 5% of 300k for example would be 15k. 

Welcome to BP.One of the things to consider is we have 3 different states in the area with wildly different laws on this topic.

Save yourself some time by creating a detailed bullet point list of all of the criteria you look for in a deal - and be specific.

Tons of resources and good insights on here. 

Also remember just because a loan may qualify as being assumable the lender will go through a thorough underwriting process to confirm you meet eligibility for the loan.I have seen a guru teaching people with poor credit to go after these types of loans and it’s unfortunate as many would most likely not qualify.