A great alternative is a buyout from the seller on a sandwich: you create a direct new lease and new option between the seller and TBer, and get a note for a sandwich profit amount, only one closing cost amount, and you get paid on line 503 of the HUD1.)5.

They have been instructed to review their existing mortgage files to assess portfolio risk and tag loans that have a high chance of default.You should have heard by committee by now that they approved your loan, denied it completely, or the directors came back with alternative structures they might approve.

We have an unbelievable response for applications and it has been a huge success Lessons learned?

@Dan Heuschele  its just very hard for investors in other parts of the country to wrap their heads around what we do on the west coast.. and while I understand the thought process around appreciation its still a fact that one deals with.And if your going to live and work there and you can save it looks like 500 a month on rent, rent as we know  is just waiting money and have someone ( rental income) pay down your mortgage for you to the tune of 100k plus over a period of time.. then hey its better than renting.And whats the alternative..

@Eliott Elias Thanks for that info, that's not a bad alternative if I can execute the above.

@Kevin S, you are correct and my original post may have been a bit strongly worded to suggest you can’t versus, you should strongly consider the alternatives prior.The CARES act does in fact provide penalty-free access to some or all of your IRA funds so long as you meet the exception criteria.

In fact there are many foreigners who have found Pittsburgh to be a great alternative to their respective countries.In your case, the team you will be working with is the most important factor...particularly property management.

You could alternately invest and pursue financial freedom.  

We lost daycare and are alternating time off to watch the kids, so far we've only used paid time off.

As an alternative to a flat $7,000, I would consider an hourly agreement at $350/hour.