They promised that this would be covered by insurance which we doubted based on our understanding of what is covered due to water intrusion.They came in and ripped out our walls and ripped our floors.

Lenders offer many flexible solutions to help investors secure a mortgage. 

We offered for him to break the lease if he lost his deposit and paid a penalty of one months rent.

After some back and forth, they agree to consider my offer of $40K and I bought another one at that price.So all in all I did OK, the cash flow was good, and when the market top came in 2003-2006, I manage to unload it for close to $100K.The thing is, this is a brand new condo, but walk a block away, you got section 8 housing.

Hey guys, I am hoping someone can look at this deal analysis as I am going through a multiple offer situation. 

I felt that with an all cash offer, I should be able to get better returns in these markets.

Keep in mind, taxes and insurance costs in California are higher than a lot of areas.

In the industry this is most commonly known as a "Fix and Flip" Loan.We are correspondents with dozens of lenders who offer this type of loan.Most commonly, the loan will cap out at 75% of the ARV (But Investors do need cash, this is not a 100% financed transaction)75% has to include the purchase price and the rahab amount requested.The terms can vary greatly.The two most important areas that will impact the terms the most is 1.

Person A has the renter's insurance while Person B does not, but Person B's belongings is "mostly covered" by Person A's Renter's Insurance.

Good to hear a big Guru chiming in, great of your offer to help Dean...