I'm scouring the internet, youtube, talking to friends but I figured I'd throw up a post too and see if anyone would be willing to walk a young hustler first timer through the process.Ideas I've lightly thought about, but I'm not sure if these are possible/legal:-Take traditional mortgage for 90k, do a personal note for the remainder -Take full personal secured note for the purchase price, and pay the 90k mortgage myself-Pay off her mortgage, take ownership, then put a bank mortgage on it and pull my cash back out, and then write a note for the remainderThanks BP!

If you moved out of the unit, do the numbers work as a traditional rental?

Originally posted by @Joseph Gozlan:They will usually use one of two:1) Annualized T3 or T6 (sometime T4 or other combination)2) Trailing Twelve Months of P&L 1 is definitely more risky, while banks may do it to get a deal, it shouldn't be assumed.2 is more traditional and conservative.

In short, borrowed down payments don’t work with conventional/traditional mortgages.

I'm not sure there are a ton of new ideas out there but most of the traditional marketing and lead generation techniques are still working during the pandemic.

@Tim Herman can you still sell the traditional route with tenants in place?

Traditional Financing with 25% down at 3.98% over 30 years.

My question is: Since neither of us have the funds to do a traditional 20% down AND cover the rehab, what other creative options would you suggest?

;o)I would ideally like to use the money to set up one VR and another traditional in the same area to see how they compare. 

For traditional rentals, we use a property manager.