It's certainly competitive but as long as you have everything in place, contractor, funding, and deal source it can be quite lucrative. 

CA has brokerage exemptions, for real estate brokers, DF exempts attorneys from creating owner occupied residential loans when the loan is compliant and so long as they are providing an auxiliary service in connection with their practice, your attorney places your assets in a trust for estate planning and creates  note selling a home.

lots of options depending on your goals. i focus primarily in knoxville with long term holds and a few flips. my long term holds are focused in 37921 and 37912 zip codes and focus on long term tenants and student rentals. oak ridge has a great upside for long term renting as well as mid term with the lab and all the contract labor that goes in and out of there. happy to pass out some references if needed. 

@Ling Chen As long as you live in the property, you can finance 96.5% (put down 3.5%).

Navigating appliance issues in a rental can be tricky, especially with a long-term, reliable tenant like yours.

If I'm understanding correctly, you'd be the new owner of the home as long as the house appraises for $300k.

My cousin is selling his 5-unit townhome complex about 2.5 miles from the beach.

Depending on where the property is situated and the "local market conditions" I have them rented out as either long term, mid-term or short term.

It’s 7 miles from a town of 1500 people and 30 miles from the big town of Marshal (17k people?)

Also, if the sponsor is new, I am fine with less skin in the game as long as it is significant to their net worth.