In the beginning, I didn't even know what common terms of REI were. 

So if long term rentals is the route you're looking to go, disregard this post and check back for my "Short Term vs.

Do you have the property under an executed contract or is this just a verbal terms from the seller?

Beside the “subject to” that’s recently become the subject of much debate we utilized  ”no interest short term owner financing”, the “2nd mortgage crank”, substitution of collateral, mortgage subordination, wrap loans, real estate “exchange” (not for tax reasons), sale - lease back, guaranteed rent payments, sale - buy back, land offered in lieu of down payment, zero coupon bonds as substitution of collateral, and a few others that escape my memory.  

All of our assets have significant cashflow, large built in capital gains, great LTV position, Loans are at 7 year, 10 year and 20 year balloon terms.  

You can still get cash flow here and you can do all 3 major strategies (short, medium, long term rentals) as well as BRRRR's and flips. 

I have one like this and we furnished it and turned it into a mid term rental.

Originally posted by @Ria Lamb:Three years ago, my husband and I did a 1031 tax exchange for a rental property.

Originally posted by @Wendy C.

Most lenders want to know where the down payment funds are coming from and most lenders will shy away from originating your loans knowing the down payment money is a loan.