Btw- I have a 2016 home- 3bed, 2.5 bath, second living room upstairs, 2 car garage, large fenced-in yard, covered porch with patio furniture, and more-- so I think it is a pretty desirable listing! 

Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?

As someone dreaming of passive income, I’m looking for guidance on creative financing options for my first property.

Credit unions and low downpayment options preferred.

With today's interest rate, this may be a viable option, compared to buying physical RE.

I see you are in Orlando, so I imagine your options are Spectrum and maybe FiosI usually go with 300 or 400 mbps depending on options and price (changes all the time). 

Having never done one of these, can I get some feedback on how we structured the option and pose some questions:-Option price would be $263k (listed at 260)-3-year option. 

lots of options depending on your goals. i focus primarily in knoxville with long term holds and a few flips. my long term holds are focused in 37921 and 37912 zip codes and focus on long term tenants and student rentals. oak ridge has a great upside for long term renting as well as mid term with the lab and all the contract labor that goes in and out of there. happy to pass out some references if needed. 

I'm continuing to educate myself in investing to open up more options in my career.

Explore your financing options, such as traditional mortgages, hard money loans, or private lenders.