Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

I’m willing to not make any money off the first deal if the investor is looking to work with me long term.

Why do you think purchase contracts are so long and have such small print?

We have one vacation rental in Florida and a long term rental in Louisiana. 

When I spoke to the seller rep (from DR Horton) they mentioned it was because someone backed out last minute when they had closed on the deal.  

Currently, there is no charge for this service (but don't hold your breath very long).  

Even IF (BIG if) their method can be successfully utilized, without the right knowledge/ education you won’t be able to utilize it profitably, at least not for the long run.

It's a long meeting, but a new format.  5-7 is networking, 7-7:45 we'll have an educational speaker and q&a, and 7:45-9 will be more networking. 

The property would allow for some value add, making it a potential long term BRRRR. 

But something just did not add up with those guys ( and they were AZ based and slick as all get out) But to easy to approve me just send 10k for due diligence. only somewhat related but BiggerPockets really needs to acknowledge a new category of lender that falls in the Non-QM space (any mortgage thats not qualifying under the Agency QM rules - including DSCR lenders but also many established non-bank lenders that focus on pretty standard mortgage products that are part of the established Secondary Market and Finance Infastructure).