@Jorge Siverio traditionally the NW part of Cape Coral will have higher comps from my understanding - especially the closer you get to the Ocean and the golf course. 

@Matt Huber it seems to me that would be the most traditional way to finance it. 

Christian - You may be able to negotiate a little site investigation before you actually purchase the property.

Traditional with over 20 percent down.

From a traditional lender perspective, they likely will not see this property in your DTI because it likely won't be reported.

This deal was financed with traditional bank financing (FHA) with little money down.

I’m looking to purchase a home, ultimately an investment property, prior to finding employment, making traditional financing unobtainable.I have about 90k is cash reserves and approached a family member with the idea of loaning out some cash (around 100k) to earn interest, for me to buy a property outright.

Hi @Christian Sifuentes There are many available.

Christian

Depending on time frame to rehab - hopefully < 6 months - then you could refinance and get a traditional mortgage to pay them off and not touch the equity in your home.You'd have to crunch the numbers to see if this makes sense for how much you're willing to spend on another investment property.