i would ask for a larger down payment if you sell for less than asking.... i think thats only reasonable

Of the home I do not live in, I would like to create an LLC and get transfer the home from the mortgage under my personal name into the LLC with the intention of later selling the home with a 1031 exchange to purchase a larger investment property.

Is there a way to combine sub-to and seller financing to make this deal work for the seller (assuming the numbers make profitable for me to rent the property)?

That money that was set aside could otherwise be profit if I had sold the house this summer.

Your reasoning is similar to mine, I do not mind taking a $50 hit in profitability in order to compensate for other good things.

We find you undervalued buildings in popular tourist locations, renovate them, manage them, and then pass the profits on to you, the investor.The same is true here.So what’s new and exciting about this project?

@Stef Martin if your intent is to scrape and rebuild, then you need to use comps that are new construction in the area to back into a value on the land by subtracting all of the costs to do the deal including your profit.

I would love to help you with the bigger projects only (additions and larger).

(Side Note: if you really want to jump your credit score in a few months (because it takes time for the reporting to update), and if your disciplined with your spending try this;1st) I went and did the math to see what my positive cash flow each month off my active income (let’s say you’ve got $500 left over after you go through your monthly spending avg. which is all you kick out vs what you bring in)2nd) Go get a credit card with 0% interest for 12mths with NO higher than 5% transfer fee.( their are some with low as a 0% transfer and I had got that one on my 2nd round cause my credit wouldn’t let me at first)3rd) do a transfer balance after 24- 48hrs of opening the card (Nope you don’t need wait to actually get the card just call in and tell them over the phone to send a Blanche transfer check to your bank account in the amount of your car Balance; because you’ve only got a 30day window of transfer with 0% interest for the 12mths)4th) PAY YOUR CAR OFF IN FULL, and take your old car note (let’s says it $450mth) plus your $500 positive cash each month and add all $950 each month to pay against the balance on the card5th) in 45days start checking your CreditKarma app (its free) and don’t worry about the 5% if it’s larger than your car loan % because once you’ve paid your car off your score will go up and in a couple months of $950 your car will be paid OFF not in 2more years or so...Thus saving you probably more than $2,000 in interest on the car loan (so you get to keep $$) and time in payments.Your saving money on interest (keeping it in your pocket thus making your pocket bigger!

Also, please go visit the area(s) your serious interested in... small price to pay against a much larger investment.Let me know if you have questions/help, I'm one of many (like you) who's gone out of state because it's crazy here..