Agreed, having at least some cash on hand at all times is a great idea.

That would be akin to a snake eating its own tail.Too much time on the internet can definitely lead to confusion on these topics.  

Sometimes realtors have creative ideas of their own about how they are willing to structure their commissions.  

Thinking I can get abou 1.5k for a 4 room house near the University.https://www.biggerpockets.com/forums/311/topics/285149-san-bernardino-ca

Someone brand new to this site should start listening to the podcasts, subscribe to the newsletter, and start reading through The Ultimate Beginner's Guide  https://www.biggerpockets.com/real-estate-investin...You'll get lots more actionable tip ideas once you start going through those resources. 

But perhaps it is the thoughts and experience that matters the most; and maybe more so to hear the feedback or new ideas... or maybe just simply hear the voices outside the one in my head.I hope this is the right section to post this under, and I sure hope BP is the right place to finally share my story:=============================================================2008: While at UT Austin, the world crashed and burned.

We normally email before hand to see what topic we’d like to investigate.One guy who I haven’t seen for months showed up at the meeting.

Also, you may find topics of interest in the monthly newsletter I prepare for our clients.  

The tenants and I have kicked around the idea of selling the home to them however recently they said they are not interested in buying.

(It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard back). tl;dr My idea so far to purchase would be a short term 12-16 month hard money loan, 80% purchase w/ 100% renovation, with private money coming in to fund the 20% & points, refi'ing into a conventional note with my local lender who I have a decent relationship with when the first note balloons.