I think a good rule of thumb is that if all of your preffered exit strategies fail to maximize profits (mid-term, AirBNB, Padsplit, etc.), you're able to make it work as a long-term rental at the very least and maybe you can go back to one of those preferred strategies in the future.

If all looks good, I suggest a one-year loan with one automatic one-year extension for another 2 points, subject to on-time payments, taxes & insurance paid, etc.

I know everyone’s insurance has been increasing.

Some creative strategies will allow you to get it to 10% down but the more complicated or more expectations that are needed push the loan to higher rates.

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I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

Student housing is our most popular real estate investment strategy here

Stay informed about market trends, property management best practices, and adjust your strategies as needed.

Yes, you should do a real title search and get real title insurance.

Just out of curiosity did you run into any troubles getting affordable insurance?