I may be wrong.Keep that in mind when you're evaluating the deal.

ORYou take the red pill, you get supper powers like I me, you become immortal, and you stop, step back, re-evaluate your strategy and create a plan with said super mutant powers, and you do it the right way.this may get you started:https://www.biggerpockets.com/blog/not-taking-seo-seriously-could-cost-you/

I'll show you an example of a conventional loan v a hard money loan evaluation for the same property (using hypothetical numbers) so you can see the difference the out of pocket expenses are, and the percentage returns. 

Depending on your or another investors exit strategy, you will need to come up with the necessary data to properly evaluate this.For myself, I only owner finance, as I am not interested in being a landlord.

., I will continue to evaluate the cost/benefit.  

Hi, I am trying to evaluate the potential tenant to agree into a lease to own contract.

After my planned education time, I will evaluate where I am at and proceed with next steps and/or pivot as needed.

I don’t really want to do a total remodel but I’m excited about putting in a little bit of TLC and sweat equity to do some basic stuff (painting, trim, flooring, replace appliances, outdoor cleanup, etc) to make it nicer and more appealing for myself (since I’ll be living there for a while) and also for my future tenants after I move out.I’ve been doing a little bit of looking around on the mls (via Zillow) just to try to get a feel for some price ranges in the different sections of the city and surrounding cities/towns and I think I might have found a pretty good deal but wanted to get some feedback on it and see what I’m missing and what I should be looking for.Here are the details: Location: Trailway Dr, Summerville, SCList Price: $149,000 (assuming it was purchased for list price)Down payment (20%): $29,800Closing costs: $4,000 Total amount out of pocket: $33,800 Assumptions:rental rate: $1,550/month (median rent for that area from rentometer.com)Insurance rate: 0.50% of sale price (estimated, I haven’t gotten a quote on this)tax rate: 2.03% for rental property (from Berkley County Website)Vacancy/Loss %: 5%Repairs %: 5% of Gross RevenueCap Expense rate: 7%Prop Mgt fees: 10% of Gross Income Mortgage interest rate: 4%I have an excel calculator that I built to learn how to evaluate deals like this but I'll summarize the numbers below. 

Bank will not evaluate your credit by your personal struggle.

Now that a few of you have recommended using that cash as a down payment with financing, I am re-evaluating what those numbers would look like.