If either of that is not valid then the lender can't go forward with the loan.If either of that is value then with is going to be difficult to secure Fannie financing with low down payment.

I had a 40 acre orchard in Santa Barbara sold 20 years ago but I've checked and the retired rock star who purchased it has had it on and off the market at incredibly low figures - check 1500 farren rd Goleta ca93117 could make an off Market /private agreement if you'Rare super motivated .

I’ve met buyers, sellers, and private lenders this way. 

Hopefully you received all of the tenant security deposits at the closing, because whether you did or did not, you will be liable for them.

@Brandon Ribeiro You could always try to find a partner or private lender to work with.

I have been utilizing private messaging here on BP and personal e-mails quite a bit to help reach out and jump start some relationships.

I agree that something like a private mortgage sounds better.Do you or others on the forum have recommendations for structuring a “sell & stay” deal?

Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

Cheap (5% rate or less) long-term, fixed rate residential leverage is less risky than others like commercial, private, hard money or seller-provided.Couple a low risk loan type with adequate reserves, equity and cash-flow? 

My problem is that he says the security deposit is $1,420 which includes first 2 month's rent & holding fees which will be refunded if I don't like the place, which is fine.