Offer them a substantial non-refundable option fee to show I’m serious, deductible from purchase price, then use the option period to either find a cash buyer to flip it to or find suitable financing for myself to hold it.

So how do I structure the deal with Hard Money Lender if I am using this as a buy and hold rental?  

For me, it is working out nicely because we flip and buy and hold. 

Mine holds onto the original docs and handles the amortization, interest and payoff calcs for you and the seller.  

Better tax advantages if you hold them in IRA's etc..  

Pretty crummy tenant situation on my hands. Had to post an eviction notice on Aug 10 because tenants had failed to pay $1700 that was due on Aug 1, couple is going through a divorce now, and I got them to sign a form ...

3) Travel the world4) Help othersI'm particularly interested in building wealth through the Buy and Hold investing strategy.BP has been nothing but awesome and I look forward to meeting many people on this site. 

Eventually looking to partner with her and her business partner on some properties, most likely buy and hold. 

I have only invested in one crowd funding platform, and in that case the managers are also the sellers, and they make their money alongside the investors from buy and hold rental properties.  

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now.