Yes the property is currently under contract for a mortgage assumption deal.

For example, their guidelines might state something like 'The lesser of 70% of ARV and 90% of Project Costs'.We can work with your scenario, and I'll make some assumptions about the rehab cost, although you can plug your own actual rehab numbers in.Purchase Price: 25kRehab: 50kARV: 110kAt this level, 90% of LTC is $67.5k70% of ARV is $77kIn this situation, our hypothetical lender would fund $67.5k.Anything below 100k in loan amount tends to become difficult to find financing for, and you will want to be sure that the lender is still able to fund even if the ARV doesn't come back at the price you think it will.It might be worth it to talk to some investors who have done similar-sized deals in your area, and see which route they have taken to procure financing.Hope this helps,Michael

I have lost big $ by going on an assumption STR was allowed solely based on many properties being listed on popular STR platforms.

Their customer service literally hung up on me when I called.

I would ask the TK provider for 3 customer references and I would speak to them.

Some of their team can be smarmy or patronizing ( accompanied by extreme ignorance) but most are stellar and have good to great customer service skills.

@Arn CenedellaThe problem will all these future projections is that they require assumptions to be made about the future.If you assume RE will go up 10% a year and stocks 8%, RE will be the answer.If you assume the converse, funds will be the answer.I have never placed much faith in future projections.Depending on what assumptions, you make you can create any answer you want.

I would approach this with the assumption that property condition is worse than it appears and significant repairs will be required before resale or rental.

Traditionally direct mail has a response rate of 1-3%, but in competitive markets it may be less than 1%.If you are going to do any DMM I recommend using very targeted niche lists and totally custom mail pieces as a way to stand out from the crowd.

There are quite a few customers on here that would be willing to give recommendations regarding who they have worked with in the past for accounting.