Quote from @Joe S.: Have you ever noticed that people can send you a picture of themselves and then when you see them in person you think they look a way different?

Of course, since they put down a substantial option fee they are more likely to keep the property nice.

Try to narrow down your options to the top 3-4.

I have one lender that is wanting 25% down that is local.

This is hands down one of the best investments I've made in my own education (for contrast: my BS and doctorate cost me $250K, and for RE, apart from books, I recently spent $18K on a syndication coach and $5K on multifamily strategy with Christian & Cody) -- and her course was a fraction of these costs at only $2.5K (Soli: you should up your prices, you are worth it)!

If there were an issue down the road, one of the first things his insurance company will look at is the contract.

If interest rate goes down, price will go up, more demand.

@Chuck DreisonI have seen them 90 days to 3 yearsWhere I see them more in on hard money loans as some already have interest prepaidThe 3 years were on 2nd position notes which were newly originated and down payment assistance

I would love to get connected with the community down in Dallas!

Add the down payment, and you're looking at a healthy budget.Two problems:You'll need to buy a fourplex or smaller.