Plus if you do not have a well established team to get your project finished up before the end of the summer selling season, you may not get the return you were expecting as holding costs and declining values are eating profits.Option 2 sounds like a safer bet, but yes you will have to cover some expenses and may have to carry the property with your own cash until rent prices appreciate enough over the years to cover your mortgage payments. 

C class carries the most risk, A class carries the least risk.

Otherwise you just have to carry the late fees as a balance due until they move out if you’d prefer they stayed.)

Consider what happens next if the tenant or someone has to be carried to the hospital for heat stroke...What happens next is you will likely be sued.4.

You may have an idea for a bedroom and have spent time speaking with the designer about it and then the designer carries out that plan.

The seller was willing to carry the remaining balance.

And if the veteran/seller isn't willing to carry a note and moonlight as a mortgage loan servicer, very quickly/aggressively filter out people who do not have substantial down payments (sales price - current loan balance = minimum down payment). 

Here in Oregon we aim for 25-35% down for owner carried complexes.

I personally don't, but I'm not carrying my groceries up and down.

Asset based mortgages carry a better rate but you are going to have your assets locked up not able to touch until you refinance or sell the properties.