They’ve proved to be very picky/not ideal and we’d rather move on.In addition, we felt remorse when we signed with them thinking that we should have sold it instead of renting it another year.

I've been approve by the bank and they are willing to loan 80% of the money, but I need to come up with the 20%.

Hi Vadim,There is a conventional/FHA program called a '203k rehab loan' which allows you to purchase a property and wrap in ALL renovation costs INTO the mortgage, so in your example above, the total loan balance would be around $70,000. 

Hey Tina I would save up a little more before doing your first flip.

Hello, Can anyone recommend a broker or a direct lender that I could get a large line of credit from to fund the down payments + closing costs on turnkey investment properties? 

I did a broker open yesterday, and had a decent amount of people show up.

It will cost a Month’s rent for a “no fault eviction” (terrible name but terminology used by ab1482) if unit is over 15 years old.  

I drew up a land agreement which stated that I allowed 30 days for buyer to pay rent or the contract could be terminated.

Most investors opt for the skeleton versions that truly miss the mark and lead to convoluted amended and restated agreements that cost far more to correct than simply paying for the agreements to be drafted by a professional at the start. 

I recommend using an experienced agent to help you buy especially off-market deals to help avoid costly mistakes.