Both products give lenders BIG profits. 

With this strategy, you could combine the 165k from your home sale and the first year of 100k into an STR in this area, and you should be able to cash flow nicely. 

These owner occupied nonQM products usually require 10% down and have some credit score requirements as well. 

The Special Stips section is at the bottom of page 6 on the standard Georgia Purchase & Sale Agreement (GAR Form).As for contingency, if you ask for a due diligence period, this time can be used to do all your due diligence, including inspections, getting financing in order, finding an end-buyer (if you're wholesaling), etc.

First you need to have extensive experience in deals to understand every risk profile as well as have the connections to find product to buy. 

So you will need to know the rules where you work, as well as know the sales tax requirements, for where you are working.

Have LONG desired to renovate and flip houses, intend eventually to develop held rentals or installment sales.

There are “synthetic” products that can be created which track similar to interest BUT are TECHNICALLY not interest.  

Purchase price: $3,500 Cash invested: $46,000 Sale price: $170,000 This syndicated investment was completed in order to meet our market's need for affordable housing.

Investment Info:

Single-family residence other investment in Rembrandt.

Purchase price: $10,500

Cash invested: $113,000

New construction project. Built in 57 days. Going to list it tonight on the MLS...