All in baby, but it's scary AF I wrote a post on this a few days ago, https://www.biggerpockets.com/...I've said this numerous times on here, but make sure you are manually excluding the cleaning fee from AirDNA (they include this in the projection.)

But there are numerous ways to mitigate those time frames. 

Yes, they are legal but option contracts over 180 days become executory contracts and are then subject numerous additional requirements, and sellers using this strategy have serious liability should they circumvent any of these requirements.

Thank you so much for the explanation, this is perfect! 

I should have drilled down more but I thought when the lender said it was a 15 year amortization with a 5 year ballon that I would be around 40k and I am not.. so your explanation makes more sense but where did the extra 4 years come from?

My HELOC is currently in underwriting and the Underwriter is asking for a letter of explanation for an investment property that was foreclosed 7 years ago.

You have to be able to get them to open up so that you uncover what's going on with their situation and the property, figure out their wants, and present why working with you on a rent to own deal is a good idea.I've been surprised numerous times in the past... 

Numerous events each month for both networking and education.

Thank you for your explanation and for sharing the calculator. 

Hey JulieFirst to answer your question, yes, there a numerous lenders that either don't require reserves or will allow your cash out to act as your reserve.