The term is delayed financing.there are some caveats to it depending on if you go conventional vs.

The time is going to be different for everyone, much like the percentage, location dependent.

@Charlie Mitchell, I believe this all depends on your market, the funds you have available, or your ability to negotiate any type of seller financing.

Depends on what your state's standard forms look like.

Thanks,KevinGet preapproved (when you think you're ready to buy) by a lender or mortgage broker that does either FHA or Home Possible (depending on how much you can put down) and then find a Realtor that specializes in investor properties and units.Welcome to BPStephanie 

Your expenses do qualify for the SH but some will argue it also depends if the work is done before or after placing in service. 

Buy and holds are lower risk than flipping, but there is a whole spectrum of risk in rentals depending on the class of the property.

All depends on what the seller is willing to accept......sounds like he’s asking about the right price. 

I also understand that a lot of it will all depend on what I can find in terms of a property and what kind of numbers I will see in cashflow but my thoughts are that if I look hard enough I can do better than my current situation - getting no cashflow.

If that is the only issue I would rent to them (depending on the type of home etc.)