(It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard back). tl;dr My idea so far to purchase would be a short term 12-16 month hard money loan, 80% purchase w/ 100% renovation, with private money coming in to fund the 20% & points, refi'ing into a conventional note with my local lender who I have a decent relationship with when the first note balloons. 

I am 24 years old and I played professional basketball abroad.

I'm also getting closer to raising private money for fix and flips.

I'd love to start an email or BP private message conversation instead.

I have to stay in Texas / Oklahoma as I have my professional license in those two states.

This is a great site with a lot of local investors and resource professionals to help grow your business.

- FHA allows you to put as little as 3.5% down- For financing repairs, you can just save the money and do the repairs as you have the capital, look at private loans or use credit cards, but this is more riskyGood luck with your search!

Any advice or if anyone knows of a mortgage lender or private lender that would lend to someone under my circumstances id be glad to discuss, thanks.

., the taxpayer owned one parcel of land for 11 years and upon sale the court ruled it was inventory and would be subject to ordinary income taxes rather than cap gains.My point is, @Anna Watkins, that you need to speak with a savvy professional and lay out your facts/develop a defense plan before you redevelop.

If you have no experience and have never managed your own property you will find it very difficult to manage a property manager or even know when you are being taken advantage of by one.There should be no issues living in your rental as long as you are professional.