I'm currently doing a sales agent sideline on top of my day job (software development) to have a deeper understanding of real estate.

Digging deeper, we would be losing money because we had to pay the massive closing and holding costs in this scenario.

@Seth RouchI picked up on 3 things in your post.Out of state (this doesn't matter)Assets (I will get deeper into this for you)Non Warrantable (This is when the HOA or all the units are 50% or more rentals)The rule for assets just changed on July 26th and instead of requiring 6 months of reserves for all investment mortgage payments.

An investor with deeper pockets might want the complex I looked at today, and including the information that it had been in a fire might attract the right kind of investor.

I've spent the last few months trying to delve in a learn as much as possible but still have a lot to learn and still have numerous questions.

I personally care less about this almost any other category. that 'rule' is really just a back of the napkin gate to see if a property pencils before deeper analysis.

I'm a beginner investor in the Mechanicsburg, PA market and am wrapping up my first flip and am also very passionate about digging deeper into REI.Let me know if there's anything I can do to help!

ARV of the house is 625k.why would the seller not list it and sell it at a much deeper discount to you?

It appears we are on the right track, just need to dig a little deeper.

I will look deeper into finding a private loan from someone.