Do you enjoy coming up with creative solutions to problems or issues?

When you hit problems they require solutions.  

It is helpful to have some kind of cash reserves because you're buying the property and owning it.There are properties out there that need a minor rehab and not a major rehabFor minor rehabs let's say 10 to 20% of value for rehab don't work well with the "70% of ARV minus rehab cost" formulaThe solution is to do a joint venture with the seller where you give their equity on a note and get on title, no payments on the note for three or four months, use private lender money to fix it, then list it for resale, and then at resale you pay off a note to the seller and the private lender, and make 5 to 10% of value.Go to the search bar and search any of these termsTo be a real real estate entrepreneur you need to constantly look for motivated sellers, joint venture partners that you can use their credit and their down payment money, and private lenders to use their IRA money for loans@Dmitriy Fomichenko@Dev Horn

Rueben balls LLC would have been nice but the magistrates in eviction court may have been a little confused as to why Rueben balls LLC was invoicing out Beg Bug treatment all the time. 

I will continue to work hard to find the solution to my financing strategy but it sure would be nice if someone just handed me all the answers.   

Great solution, and it turned out great

While I think it is a good solution in some cases and in small areas  may still be a reasonable option  overall it is not a great option.

If someone could please direct me on a solution to this problem I would be so grateful.

Since the lower unit is already small I am not a huge fan of this since the heaters sit on the wall and take away from living space but it seems like the most cost effective solution I've found so far.

In either cases we would be putting 10% down and planning on refinancing out of mortgage insurance in about 2 years, after making renovations.The reason home possible is not the obvious solution is because we don’t quite qualify.