Purchase price: $130,000 Cash invested: $43,000 Goal with the first OOS rental was to find a SFR that was primarily rent ready or required light rehab by Summer of 2021, with the criteria minimums of $200 pure cash flow, 10% CoC return, purchase price around the $125k range that met the 1% rule.Backstory:This property was listed on the local MLS as "coming soon" and I reached out to the listing agent directly to see if they were entertaining early offers.

Purchase price: $130,000 Cash invested: $43,000 Goal with the first OOS rental was to find a SFR that was primarily rent ready or required light rehab by Summer of 2021.

I would tread lightly.

Nevertheless, finding a "deal" using traditional methods such as networking with local realtors and lenders has gotten much harder. 

So the agents these days are Taught to put this one their cell phone  " Thank you for calling for faster service please text me "  well that ends it for me :)  the few times i try to engage in a text conversation I just get way to frustrated its too slow. theres no personal inflection I want to talk to agents to feel out If I think there is a light bulb on or if they are suitable for my needs I can do that quite quickly on the phone.So to answer the OP  I am not sure what you do to get anyones attention these days in the go go text dont talk modern world. 

The fact that your board of realtors recommends it, or that is how it is traditionally done there, does not make it the best way to approach it. 

Haha, definitely a traditional finance exam question. 

Just trying to get into my second deal and I don't have the cash for traditional financing.I appreciate any feedback, thanks!

I've added value to the property by painting, replacing light fixtures, multiple ceiling repairs, shower repair, replaced toilets and vanities, replaced wood rotten side door with glass door, demolished an old shed to create more yard space, a/c repair, Heat repair and more .

You'll likely find it easier to deal with Arbor for agency debt than a traditional bank.