Any resources who can help us structure this (other than https://www.nationalfamilymortgage.com/ who does not offer support in our state)?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000

Cash invested: $52,000

Sale price: $240,000

BRRRR
Used OPM

How did you find this deal and ho...

what state is the property in and what is it.. is it 1 to 4 units.. the website shows no licenes so there are 12 or so states that licenses are required for 1 to 4 unit no matter owner occ or not.

From the Florida state since that is where I have lived for 30 years and I know the Central Florida area quite well. 

Hey Simone, I plan to get into REI in Austin whenever I find a job or opportunity in that city. 

Hey Armon - I am not sure if there is a list of delinquent properties outside of the ones that are going the the Sheriff's Sale but have you checked out the City Houses for Sale? 

Honestly after a lot of research I think they are having a hard time renting out their newly built homes in that town and they probably overbuilt like someone else stated so they are trying whatever they can.

If your tenant has vacated then make sure you follow your state’s laws and secure the property and get it re-rented.

@Gustavo Mendoza it really depends on the tenant and state/local laws.Class A tenants, usually having 680+ credit scores, can be held accountable for a 12 month lease.Most Class B tenants, 620-680 scores, can also.With Class C tenants, under 620 scores, many won't care if a lease is 12 months or MTM, they will move when they please.

For instance, is it common to state to pay a flat fee of only up to $x amount in the event the seller does not cover the cost?