My initial goal was to flip it, but I ran into some extra expenses and it cost me far more to do the flip than expected, which is why I have such little equity (it was my first attempt, many lessons learned!)

@Eileen L.You should have know about the origination fee/points upfront with their initial estimate. 

If you can BRRRR going forward, you should theoretically be able to pull some, most, or all of your initial capital depending on how good the deal is.

If she doesn’t grasp it after a couple 30 min sessions, chances are she’s not going to. 

The initial offer was accepted.

My intent initially wasn't really to make money just to keep the mortgage up while myself and family stayed in an area that my daughter could go to a school we wanted her in.

Family member is older and wants to help out with initial cost of purchase but would then like to be hands off and just get paid a split profit from the STR.

I normally do all of the initial tenant correspondence via text or email, and for screening we switch to email since we will need attachments like pay stubs, W2's, etc.

I am using home possible conventional and my offers includes - $3K above the highest offer up to where the cash on cash is lower the 10%, higher initial deposit $5K and higher inspection repair contegencie (anything above 15k) and quick closing.

If not, I'll join the next session :)