FNMA HomeStyle is a renovation product that is investor friendly for SFRs.Post-closing, the funds are disbursed to your contractors as the work is completed and confirmed to be up to both the standards of the loan program, and your standards. 

Hi John Chapman ,I need a standard option contract to lock up a property while completing my due diligence.

Our standard practice is to do them every quarter, but our clients are allowed to have us do them less if they want.

If it is a standard form TAR-2001 lease then there is a form available for notice.

In addition, I've seen many a topic on the challenges of getting started, dealing with renters, rentals, and your own full-time job, and others dealing with setting goals and achieving them.So I thought I'd throw this all together and create the most awesome thread of all-time (or at least until somebody else comes up with something cooler...).I have been using the BP calculators on Roofstock.com properties following both the BRRRR and standard Rental philosophies espoused both on the site and within the podcasts.

Being that it doesn't meet my standard requirements; I'm happy having my out from having to consider it this time.

If you want to do something creative above standard lease/option and seller finance deals, that book has the tools.

Although I'm qualified for conventional as well as fha, the lender said that most real estate agents are confused in thinking that only fha homes must pass safety and health standards, while conventional loan approved homes do not, so that when they say it isn't approved for an fha, it also likely isn't approved for a conventional loan.One house I was looking at in particular did have some issues, but it's well below my budget, 90k when I'm approved for 200k.

Most of the standard mortgage folks will only go as low as $50,000.I ran the numbers thru the BRRRR and they looked pretty good.

I generally don't get much push back mostly just having to explain the industry standards, rationale.