Often if the sellers were "price proud" I would explain seller financing to the agents and some of my best deals were completed with agents bringing me debt free sellers.May be a Memphis thing but then I built relationships with every wholesaler I could. i rung every craigslist advert every day and within a month I had met pretty much every wholesaler in the city.

The Sources are all the various places you are getting money to pay the Uses (Equity, Mezz, Debt, etc). 

Start marketing the property as soon as you take possession. 

In short, you have to be able to execute an LNA that says you were the last party in possession, basically, you had the note and you lost it.

I’m with you I have no desire to have debt til I die

I also don’t have a long history of credit which could be a factor but than again I have no debt so not sure why but i am shopping around. 

They will have to be on title with you but you can use their income to Help with debt ratios.

I see many on here who don't have much experience and are just getting out of school who are sold on the formula and are jumping into debt quickly. 

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

We expect to close next week.In between I signed a contract for another property, where the seller is the mortgage broker (not the one for the first property) (mmm... may be I should not have done that).The problem is that when I told mortgage broker 1 that I signed a contract for another property and broker 2 pulled the credit he got upset (may be rightfully) because now we will have to disclose that new contract and explain we will be having new debt.