They are just "people".So let's use math proof theories.If you agree that success in this space depends on your ability to find motivated sellers, and your methods obviously do not target motivated sellers, this is undisputable proof that this is wrong.Nothing personal, I just simply demonstrated that the advice you are giving out is factually wrong.Now, everyone.

This unexpected development led to a disapproval of financing and ultimately forced me to cancel the deal.Overall AssessmentIn retrospect, I felt that Fannie Mae's HomeStyle Renovation Loan might not have a clear target audience.

I set up an LLC, and it will be buying the property.  

I'd be interested in checking them out myself.As far as your other questions Will, I think your goal should be to save at least 10% of the total target purchase price if you are going to be using FHA financing and 15% if you are going to go conventional to finance your house hack.

If you do not want them to make a profit you will go through a lot of companies.I set our company up to make an 8% net... we have yet to hit that goal and normally fall in the 3-5% range.  

Recognizing the untapped potential beneath the surface, I set out to forge relationships with both the sellers and the dynamic managerial duo.The key to this success story was my ability to be a problem solver.

You're getting played because you're letting him set the rules. 

How do you set up the deal structure? 

In time the note pays off, its sold, or is foreclosed where I get $YYY from the sale at auction or worse I get the security back (a house) and I'll have to have it appraised to set the selling price of the note.I know I'm making this more complicated then it is...

Most are set up for electronic receival of docs.Ive seen national title companies but i Would go with a local title company.....especially with the older clients