If when you buy a property you look at an ARV that's lower than most of the active listings, it's almost impossible to lose, as you'll sell your property quick and for the money, you hoped for or more.

From the limited info you shared, your dti should be fine but I recommend speaking to a Loan Officer to run quick numbers for you.

He does not need the money quickly and is offering seller financing, 10% down.

Feel free to drop him a PM - he is very quick to reply.Good luck!

@Tracy Z  my dad did hundreds of AITD's when they first came out in CA in the late 70's its a great document and should be used on all sub too type transactions.. it gives full notice and notice of default so you can cure quickly without what happened to this guy and get 15k behind and be beyond help.

When we first started, we toyed with doing C-tier rentals but quickly abandoned it because the reality is so much different from what looks like amazing 'government guaranteed' cash flow on paper.

My plan is to pay as quickly as possible to re-finance to conventional mortgage in 1-2 years.

I also host/produce a quickly growing podcast called Go Rent Skip where we recommend what movies are worth the theater, renting, or skipping.I could possibly exchange advertising space on the show in exchange for advice/mentorship.Thanks and I’m looking forward to getting started!

My ultimate goal is to take over the property free of tenants so I can renovate one side and rent it as quick as possible and then move on to the other side.

I've listened to podcasts, purchased and read a few books, joined a few Meetups in my area and am learning at a quick pace.