You qualify for 100% financing and the closing costs can be covered by getting "Seller credits" which is fairly common in this market.

You will just be capped at the price you paid for the property as your loan amount (which is not typically an issue unless you are buying well below market value.) so, if you can truly get a better deal on the property by paying cash it can make perfect sense.

Pick a market drill deep into that market, learn the market and success will follow.

That is pretty standard in my market and if I am not mistaken it is more like $25 dollar add on here roughly.    

A better approach might be to follow proper procedures to address the AC issue and potentially evict for breach of lease later if necessary.

Hi Jay, that's a great introduction and it seems like you have an excellent background for real estate.I have to say it's surprising, like you said, to see someone focusing on RI vs. other developing markets like OH and FL, but with enough work it's still possible to find something that cash flows here, too.

Hi Eli, A few different ways: 1) You can ask your realtor to put you on a drip campaign for any assumable loans in the areas you desire. 2) If you are looking at something off-market you can ask your realtor to work with their title company of choice to pull lists of all government loans, in whatever areas you are looking for.

Adding keywords related to your investment strategy or market locations can be updated in your settings.

We have had very good luck with our systems in place and love the appreciation of the market here but there are always risks in whatever market. 

@Shervin Golgiri Seller not paying buyers agent commission wont have any bearing on finding qualified buyers in a sellers market .