We have enough to cover the down payment and closing costs, but not reserves. 

If you strategy is to build a rental portfolio as fast as you can then, you want to refinance at the highest available leverage. (75%) That allows you to preserve your capital so you have down payment money for your next deal.

**Seller Finance**: Become a lender instead of a landlord by offering seller financing to buyers, which can provide consistent payments and tax benefits ([Why Would a Seller Sell on Seller Finance | Seller Q&A](;t=363s)).7.

@Troy P.What's the interest rate on your underlying debt and does she have a down payment?

It seems like a good deal to me and there are ways to fund a $10k project and defer payment.

Property InfoPurchase Price: $62,500Current As-Is Value: $80,000Loan Amount: $46,000Interest Rate: 5.125%Monthly Payment: $4003 bed, 1 bath800 Sq.

If you're consistently putting in the time & work while growing as a professional,.. this delay in payment will be temporary. 

Total mortgage with insurance payment is 680 a month. 

How much CASH do you have for a remodel and/or down payment?

However, they are willing to sell fast at $220k and take payments on their equity.