Our realtor said a cash offer would probably sway the bank into our favor.

Given the coronavirus situation, we 'd like our options opened.If there's any creative financing, options, or guidance I really appreciate this.Our respective brain injuries have done us no favors to say the least.

I suspect the difference in value would be as much as $40K,  in my favor, but if fixed up it's value would climb rapidly. 

"How are you going to corner this market to work in your favor?

"How are you going to corner this market to work in your favor?

Regulations that favor tenants over landlord.I do not know when you are moving to LA but I started my house hack on my first property where I was very close to my full time job. 

Subprime mortgage crisis indicatorsFrom the Journal of Real Estate Finance and Economics, Maxmilian Schmeiser and Matthew Gross reviewed over 20 million subprime loans from 2008-2014 to discover clues that lead to re-default and eventually foreclosure.After the financial crisis, they found that most mortgages were taken back by the bank (REO), sold at a loss (short sale), or sold at foreclosure auctions.In their study, they looked closely at loan modifications that enabled homeowners in default to renegotiate their loan to more favorable terms.

If you eventually find yourself needing to evict the tenant, a lease addendum will hold up in court better than an "unwritten" agreement.This arrangement favors the tenant as it delays any actions against the tenant, should they not pay their rent.  

As @Ben Stoodley mentioned, lenders strongly favor experience and it may be a great benefit to seek out a partner (looking for someone with 5+ completed flips or BRRRRs is ideal) for your first few in order to build up a track record.

Meaning he wont partner with me on a buy unless the numbers are VERY VERY in favor of, at least, breaking even.