Somewhere between 6k-19k profit/year plus access to a home in arrowhead..... sounds like a win.

Being conservative is going to win the race more times than not.

My plan is to bid, hopefully win then use hard money to rehab before renting and refinancing.

Still open to the idea, but trying to come up with additional creative options to finance my first home.Numbers aside, the idea would be to purchase a multi-family property using my own funds/FHA loan, receive private funding for the rehab, create instant equity in the property with the rehab, and re-finance after 12 months into a traditional mortgage and pay back the private lender plus interest.

However, the thing that makes it worth it to at least pursue is the potential to have instant equity if he really does sell below market value and my knowledge of the property.

Times are changing and if you want to win, bet on the consumer.

A bad tenant can ruin your unit so taking a first step to legalize the process on them won't win them over.

Is there any way the deal can be structured other than seller Carey a note to have a win-win situation?

Here are some favorites "How to Win friends and Influence People" - Communications and getting along with people"The One Thing" by Gary Keller and Jay Papasan - The best book on time management"Atomic Habits" - personal productivity"Ego is the Enemy" How to have great self esteem by not caring what others think.

Just create a "win-win" situation, demonstrate you have done your due diligence to them, and I trust all will go well!