Tyler,On a purchase the lender will always go off of the contract price as long as it appraises for the amount that coincides with the original LTV.

"off-market" is such a vague term and can literally mean anything to anyone.

Originally posted by @Nathan G.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

If you sacrifice short term profitability on your PM company for the long term benefit of building the PM company that will manage your future portfolio it should pay off.

@John DeanPrivate money would but private money is short term so you are more liquid and I believe borrowers on private money are a lot more qualified and you have much lower ltv than you would on a seller finance

I would highly recommend that you focus on what you want to start out with first, flip or long-term rental.

You can rent long term, but short term rentals would be hit or miss. do some homework on that market.