I run into this situation a lot where owners buy a property and then they move out for some reason and want to rent out the property but unfortunately the property was not purchased as an investment and the income will not support the expenses every month.If I were you, I would look into a different strategy so you are able to have some positive cash flow every month.Have you thought about furnishing the unit and doing Air BNB, or furnished mid-term rentals?

Hi,Iam looking to buy a turn key property in Memphis.

Have your “buy box” ready.

I thought I’d give Paperstac a try versus buying from an individual directly which is what I’ve done the previous times.

Are you trying to buy a property or wholesale and if either, is your money in order to be making these calls? 

Buy it with 100% seller financing with a balloon note, buy it and close, thirty minutes later sell it and payoff the note.

I am not in a position to use the investment property as my primary residence to house hack so I realize that the interest rates will be less favorable.Has anyone made a deal work using a HELOC as a down payment for a buy and hold property?

I typically buy/sell in urban areas where there's a sewer system and public water, so I need resources/referrals for this situation. 

But also, you'd get a better rate just buying your home with a home owner loan. 

The Buyer has no skin in the gameIf someone is approaching you to buy your house without a mortgage or conventional financing and are tying you into a long-term contract they better have some sort of collateral that they're putting up.