They lend you the money you need to buy their house.Subject to - you buy the house subject to the existing mortgage.

The software is going to be very conservative with your write-offs.

Already lived in the area How did you find this deal and how did you negotiate it?

I own a couple rentals in the area that I am looking to refinance.

They even gave $5k towards closing costs AND paid the points to lower my interest rate to 6% for 30 years.

Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

Also, what would you recommend about getting a property to fix and flip or rent?

When the make sense and what to look for in an originator and what to be aware of.

Cap Rates in the area.

The forums are great but tax pros here don't know all the ins and outs of your specific situation so it's hard to give definitive answers.Do the house hack though!