Failure to qualify for the loan is traditionally the #1 reason a buyer gets their earnest money back. 

Traditional investor mortgage.

I feel I've learned more about creative negotiations here than I would have through only traditional realtor training.

Here's my quick and dirty explanation though:Land Contract or Seller Financing: The seller acts as the bank and holds a note on the property (Memorandum of Land Contract) which the buyer pays back over time.Subject To or "Subject to the existing mortgage" : Now the seller relinquishes the property to the buyer (using a Quitclaim rather than traditional title closing) while leaving the mortgage in their name.

Perhaps a non-traditional lender like Sprout Mortgage would be a better choice?

We also discussed modular homes becAuse I like the idea of 75% of the construction being done offsite, modular is usually cheaper than traditional / stick build, and modular homes have come a long way...now when built out most don't even look like modular homes.

When you complete the rehab process on a home and refinance into a traditional loan with a 30 year amortization, does the home owners insurance increase too?  

Hello all, my wife and I are non-traditional workers (self-employed and tip-based respectively) looking to build our path to wealth.

Do I just go with a traditional mortgage?

I heard this could be harder then traditional homes.Thanks!