Congrats on what appears to be a great deal.

Hi Paul, It would be a whole lot easier, if you can get access to your local Multiple Listing Service, to query on who the cash buyers are.

This is probably why the agent is suggesting you rip out a kitchen, so that it appears to be a single family residence again.Unless you're actually planning to convert it back to a SFR, I wouldn't do that.

Rates are low right now but they appear to be headed up, so I personally would not make a plan contingent upon refinancing anytime soon.

Your money could be losing its value which will appear as appreciation.

Not that flipping is easier, just might be a preference of mine.

She was a long term tenant with a good history when she requested the arrangement so it was easier to say yes.

I know this is an old thread, but the SEC just lifted its advertising ban today, and soon you will be able to advertise for private money a little easier.

In summary Rick you can 1) borrow from mom if you understand the possible consequences and risks of that arrangement 2) borrow from the bank as you appear to have the resources to do so without assistance 3) find a property you can buy all cash with your own funds now or save up and buy a larger property all cash later or 4) continue to seek input from other investors on alternative strategies.

I have even thought about getting my general contractors license, just to make things a little easier for me.