If you continue down the BRRRR path you will suffer a short term loss (short is relative of course) but if the property cash flows it will eventually make you whole.

A few brokers in my office have tried but the red tape and time intensity has either killed the deal (seller got fed up after 90 days of escrow) or the property did not qualify. 

However, it isn’t a good thing if the only reason behind the financing is the inability of the seller to sell without it.

Shortly after I was advised by the utility company that there was an issue with my water that is indicating there is a massive leak.

The idea that seller agents might not offer commissions to buyer agents anymore could change how properties are marketed big time.

Seller wanting to have 0 due diligence

Moreover, other investment strategies are worth exploring if you are predominantly interested in high-yield cash flow; these include rent-by-the-room (which Josh and I are well-versed in), short-term rentals, and medium-term rentals.

@Uzziel CortezWhat are you doing to start off with generating seller leads?

You can list the property as a "net listing" and take the difference over what the seller is willing to sell for that way. 

I know this is not primary focus of your post but its important to understand why this seller is willing to offer you the terms they are offering.