The closest think to new in the last 5 years would be short sales and TIC structures for 1031 deals.

You could agree to pay $10,000 and take over payments but you need to do a lot of homework on how to properly structure it.

Could anybody give me any ideas of how I could structure a deal like this????

If you really want to rent to students then rent the whole place to a group and make sure you get the right things in order (cosigners are the parents, etc).If you want to rent individual rooms I suggest you look for a building that is split up into studios so that you are not dealing with people sharing bathrooms, etc.

New hardware on kitchen and bathroom cabinets is also cost effective and looks great.

If we can buy some more time, we can get tenants in and stop the bleeding.I'll talk to my partner about possibly structuring an option with a potential buyer.

This is how the Loan Officer from the bank structured it though...

You just need to know that a kitchen rehab is going to be $20K, or a bathroom rehab $5K, and painting will average $500 per room, or whatever the average numbers are for your area.

Which of the below strategies would be best? Or what other ones do you have that would be better?

1. Prequalify for hard money loan. Get loan, do light fix up. Hold until able to sell to a consumer

2. Prequalify f...

Is there a book which guides an Investor on how to structure a Deal/Financing to produce a high DSCR that he might have a better chance at qualifying for a Loan?