3% and a bonus of good wine/champagne works. 

Con's - (1) Your obviously starting out WAY underwater, (2) the house is not the sweet spot for renting given its size and price range, (3) uncertainty about rent and homes value given the circumstances.I would appreciate any expert advice.

We mostly learned the value of real estate and how even without the massive appreciation, it still would have been a sweet buy and hold for a long time.

So let's say you communicate your offer and communicate you want, an investor discount, If I'm a seller and in a good mood, I might offer to leave a rusty hammer for you on premises.All this said, in all seriousness, as an investor, leverage does come in to play if:You are putting in multiple offers at the same timeYou are buying marginal 'move in ready' homes with cash (note that the 'sweet spot' here is to find homes where you are competing with folks using financing, but where there's uncertainty around whether or not the house can be financed)......... 

$2000 for an 800k house is sweet deal!!

the estimated value after repairs.purchase house for 30k rehab for 10kpost rehab value is 65kits a small flip but should be short and sweet.. 

Walking into a lot of equity from a sweet fixer deal in which I now live. 

Carolina Hard Money, Wendy Sweet is the person for transactional funding. 

@Patrick Sweeting thanks for your response.

Hi AllJust wanted to share another little sweet deal, this is a buy and hold, access equity, rinse and repeat.Advantages are that I get to continue growing my capital as this neighbourhood is hot.