The problem will be finding financing on a deal where the home inventory is almost equal to the land value (and you’re not getting chunks of money to pay off that home loan if you’re doing a rent credit program)

He got some sort of grant money from the Louisiana Road Home program by committing to 10 years of low rent.

All my links are in my BP profile, provided you're on the web site and not using the wretched phone app!)

@Chris Wolfe @Pablo Espin  There are programs that can take care of that with good terms. 

Should I mention anything about lease to own programs (such as home partners, dream america, or divvy) or should I get him in touch with a lender since they have a good bit of time to get prepared?

@Ray Danishyar After watching hours of youtube videos, I have a few ideas and did purchase some programs to help me generate leads, repair cost, deal analysis and so on. 

The Federal budget has all kinds of doors for low and moderate income loan programs coming, just not there yet. 

@Sam Trulli you should invest into a mentorship program such as Pace Morby's SubTo program or Vena Jones-Cox's Wholesale School.

( RI has: Elderly Homeowner's Tax Credit Program) There are a couple layers of things to consider here. 

There are plenty of good agents out there that are not stuck in the past.Also, there are many different carriers in MI that have nice programs for SFR portfolios.