This is to protect you from day 1 not being deeply under water.Seller financing is better if you won';t qualify for a bank mortgage, some times the seller will ask for less down than a bank.Bank financing is always cheaper, lower interest rate, price is always verified by an appraiser, but you need to go through the frustrating closing process of under writing all your doc.

Since I was in Texas and I planned on staying there I found out that I was qualified to take the real estate brokerage test so I got the license.  

What's the point of screening and vetting tenants if they can just slip in once their family qualifies?

shareid=00f26c148However you did qualify it by saying "ethical and honest".  

@Det Zabat I can assist you in locating a qualified agent in your area are you still looking?

Also, I am concerned about the VRLTA which was amended a couple years ago to reduce the qualifying term from 10 properties to 3.  

If the home is being appraised as LTV should be post construction, if you are looking for a renovation loanI know this is probably not the exact answer you were seeking, but I think it should help broaden your play and help drill down the lender through a simple process of elimination, based on very specific qualifiers you define as it pertains to your specific strategy.

You would pay the same taxes I do because it's an investment property so we do not qualify for the standard $25,000 homestead exemption.

Not sure that I will qualify using Tax Returns due to high debt to income/and real estate investments.Asset backed loans (no income verification) are 5-6%, a little higher than I would like.  

Not sure that I will qualify using Tax Returns due to high debt to income/and real estate investments.Asset backed loans (no income verification) are 5-6%, a little higher than I would like.