They cash flow positive and are in a good area.

Like contact cases, wrapped toothbrushes among other things.They do get used and I am sure they are appreciated.They might not state it in their 5 star review, but I am betting that it creates positive thoughts and that helps the reviews.

This seller feels like he has a good position to turn down people who need to finance.

We see people thinking they will make the quick buck.We also had a second position loan we foreclosed on and the buyer did not realize there was a first position loan - they called us wanting their money back.... 

If the answer is no, be mindful this will create a more difficult sale when exiting the position down the road. 2.

Most primary residence lenders are not going to lend in second position for a purchase.

Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market? 

Federal programs will require you to use GC/licensed folks for a lot of the work and they will get reimbursed by the institution that your loan is with; many GCs don't want to wait on the float time of requesting funds and getting them.Depending on the program and rehab/condition of the home, you may not be required to live in the home (think black mold remediation...bank isn't going to put you in a compromised position) however they may have min/max of when you need to move in.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I know that my COC my be lower, etc but my main concern since its my first property is being cash flow positive.