Sounds like loan fraud to me.Takes a LOT of rent to be profitable on a $240K note

My name is Katrise, I am a real estate investor currently in the Baltimore MD area, I focus on Short Sales, Wholesaling and other profitable facets of real estate, I also help other like minded investors get educated on the many different ways so utilize this "bad market" in order to make them the most profit.

Speculating is certainly investing and can be very profitable if things happen as you expect.

However, this tool is used as more of an exit strategy to maximize medium term profits.

I have been in contact with them, but they seem intent on trying to sell the house and make the owner a profit.

Pay cash for a multi-family, rent out, then either wait to get my return on investment or sell for decent profit, and then repeat the process to buy more multi-fams.

I make about $180-$200 profit off of each contract sale monthly.

I would really talk to a mortgage broker and get pre qualified and then focus on profits and cash flow.

Heck, I would make a profit if I did it today albeit small.

If you care mostly about the backend profit, you must make sure your tenant buyer will be able to realistically qualify for a mortgage during your lease term.