There are only a few ways it can go OK.If you want to do this, insist the seller apply your down payment and enough additional money directly to the existing loan to bring it down below the loan balance.

Complete war zone, extreme distress, no existent rental market, low price point.

If you find enough brokers across the county you might do it with transactional funding if they can keep the money moving.If you get busy, you could buy notes and then refinance the borrowers at near PAR value.There are some other ways if you are "politically" connected, changing zoning, use regulations and obtaining bond financing for projects, but that usually takes longer too.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

If the existing is old wood siding coated with lead-based paint (all oft eh 3" reveal siding I've ever seen had lead-based paint on it), then the cost of the job will be higher.I've seen many buildings with stucco over old wood siding where the windows and doors just do not look right, so details matter.

Styles of buildings that can set a theme for an area, design and functionality.Springfield has over 60 miles of new bike paths planned and about the same of existing paths and lanes.

Inventories of existing homes for sale have continued to improve over the last two quarters, declining from 3.2 million in the second quarter to 2.4 million in the fourth quarter.

,Does your photographer get the seller to rent furniture when staging or use the existing furniture?

Many BP threads already exist covering this person; here is a search link to show these threads:https://www.google.com/search?

Get the dog out and make sure your lease specifies no pets at all,or no aggressive breeds and animals over a certain weight.Did you not see the existing lease.If the existing lease says nothing about having an animal you need to amend it now.