Recently though I have come across a major FLAW in their system, which I honestly cannot believe exists: When a payment series ends, the system archives the series on the day it ends.

The seller sets the price higher than market price and between the down payment and any monthly principle payments the price eventually gets down to market price by the time the tenant could potentially buy the house.

cash and private money JV How did you add value to the deal?

Trade up.2024 will actually be more exciting, as balloon payments and anyone with an ARM loan comes due. 

David,Reach out to @Lucia Rushton I have worked with Lucia several times and as a seasoned agent she has an a solid track record of finding good cash flowing STR's. 

The lender is stating the following: "we would require a mortgage on the lot in the amount of $90,000.00 when combined with your $50,000.00 deposit would be $140,000.00 down payment apx a 20 percent down payment"Is he saying I need to find another $90,000, or that he will act as the mortgagee on that portion as well? 

Meaning you have the actual cash to buy multiple properties in cash, then sell, flip, or do whatever.  

Purchase price: $248,000 Cash invested: $12,800 House hack I was able to make around $100 a month while living there.

We also have them rules, just like y'all.Replacement will be another SFR  that will be the amount of the exchange if not more (out of pocket cash to fill that buffer). 

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental.