Elizabeth- Thanks for the motivation and the reminder to be flexible in analyzing the deals outside the “rules”.

I've spent $160 to turn it around, saved myself about $2500 in management fees and all the while I've been here working I've been listening to podcasts on BiggerPockets. 1 last caveat and then I'll go - I am blessed to have a job that permits me the flexibility to work remotely when needed.

It sounds like he is flexible b/c he is offering with terms but it could be a warning sign also that the price is too high, never know? 

.) - their guidelines are more flexible.

If you KNOW about flexible strategies, what is going on in those markets and why those markets are active, then you become a Valuable Asset instead of a monkey...and real Buyers will be drawn to you based on your knowledge and perceived skill-set.

You could negotiate the terms up front or leave the contract flexible.

Interest rates will be usually the lowest in this group between 6-9%, few (1-2) if any points and flexible terms.

Remember the flexibility and control that you were talking about.  

Renting is easier, cheaper and much more flexible until you tie yourself down  a good job and have a family.As a landlord I don't mind that the now largest generation would rather rent than own however on a political and regulatory basis it could increase scrutiny of landlord's and tighten regs on landlord/tenant law. 

They are typically more flexible / creative on how they can fund deals for folks in your situation.