I would advise the agent to have the new owner call their home inspector who sometimes will carry warrantees on plumbing leaks after inspections.

Did you require them to carry renters insurance?

The Investment loan would carry a 5.5% interest rate, at least a full percent higher than if we went conventional or FHA with it as our primary residence.

I was not checking progress as much as I should have and the timeline stretched out, increasing the carrying costs.

A new variable to the conversation is the amount of student loan debt the average person is carrying for most of their lives.

Look for deals where the NOI can carry the debt with a healthy DSCR day by year 2 without a reliance on year 3 refi or exotic bridge debt.

Also, I know closing costs on both sides of the deal is a lot but I am thinking worst case scenario if its what's needed to make the sale.REO list price: 50,000ARV: 110,000Comps: 100,000-115,000Offer price: 50,000Home inspection: $500Closing costs/taxes/fees: estimated 5,500Estimated rehab cost: 20,000Carrying costs: 1,500Loan amount: 55,000Out of pocket cost: 20,500 (down payment, home inspection, closing costs and fees)Loan terms: 12 months @ 10% interest + 3 points at closingTotal cost of house + rehab: 75,500Sell price: 105,000Gross Profit: 34,500REA commission: 5% (5,250)Closing costs: 5% (5,250)GC share: 10% of profit (3,450)Carrying cost: 1,500Out of pocket expenses: 20,500Loan interest: 1,000+/-Loan points: 3,100Costs: 36,450Net profit: -1,550Taxes: loss

Unfortunately, I do not have experience in such a thing, but do carry the passion to help make this a free market solution to the housing issues across the nation as well as hold the vision on how to put this all together.

Seller carry, private money seconds, etc. 

I’d give quite a few a call to see if any would lend.I imagine the best path is it to look for deals, partner with someone experienced who can carry the financing and you get a cut/percentage and/or finder’s fee, as well as, starting your track record of doing deals.