Even at a $100k price the numbers don't work to get my money out on a refi at $140k valuation.

Take the money you would be forced to pay for the course and use it to buy your first property and take off from there. 

Required distros for tax consequence.At the same time I kinda snicker a bit since the buyer... the investor... thinks they found the next Apple or Tesla investment (and they are clearly the smartest in the room), and then go off the rails when it all goes south, I can't help but shake my head and have a small giggle.A fool and their money soon go separate ways, Yes, but don't you wonder how they got together in the first place?

We are doing this because we don't want to have to put so much money down in the beginning.

So for the clothing, if it was just "a pair of jeans that fit just right" (and a radio :P) It wouldnt be a write off because you can wear that outside of work.

It's a last chance option to bail out if their residence is a pit of despair.- Require renters insurance and ensure you are an "additional insured." 

I have not been through a closing with seller financing yet so I am wondering how it will go if the lender sees in the Purchase and Sale agreement that I have seller financing and how the wiring of the money will work.

Or would the better of the options be to secure private money at $50k for 3-6 months to fund the DP? 

So for me I just dont borrow money for rentals anymore..

Money back is more than annual feeChase Saphire Reserce - Points.