By "value", lenders mean the appraised value or the selling price, whichever is less.

The business plan just went along with the LLC to me , I was lucky enough to have been in the upper management of a Nationwide cell phone carrier previous to this endeavor.

CANCELLATION:  Buyer retains the right to cancel this agreement by delivering written notice of cancellation to Seller before Closing Date or the date when the deed is executed and delivered to Buyer, whichever is earlier.

Equity will be established over time, you won't be getting instant equity for a loan, the loan to value is based on the purchase price or market value, whichever is less, after one year you can work off the market value, this leaves most hard money lenders out as they do short term financing.An investor could buy it, sell to you on an installment and after a year (6 months with some, but doubt you'd get 10% paid that quick).

I like 3% to 5% or $5000 minimums, which ever is greater.Rule 6.

Well, not a "rent to own".2 separate agreements1) Purchase agreement, with a closing date "up to 6 months", no contingencies, non refundable EM2) Lease agreement for 6 months, or upon them closing, whichever occurs first.Bot only if, they actually were fully approved for their loan, and your house appraised.

He also says that you must have a landline phone # associated with your business entity as your cell phone # won't help you borrow much money.

I'm not sure if this changes anyone's answer but my long term goal is to own enough properties to cash flow $20,000 a month after property taxes and insurance so whichever way will get me there the quickest, I'm going to go with.

In a refi, the rule (again) is within one year, appraisal is based on the sale price or appraised value, whichever is less.

Inside a year, it's the sale price or appraised value, whichever is less.