If you let me know where you want properties to be located and home value you want to limit to, I can run a report for you to see how many fit the bill.

And of course, it's pretty easy to not take a commission if I don't need to. 

I believe what Jay was getting to is that asking for spreadsheets and a breakdown analysis on numbers is alot.

Hey Steve, I'm not certain what a master lease is, but what I think your referring to is a lease with option to purchase.

If I had to, I would sell it and use the extra cash on a good rental.

I would do credit/criminal/ eviction; maximum SD; 3x rent verified income; and have a clear set of written rules that the tenant agrees to. 

That being said, I'm reaching out to the BP community for advice on something I'm new to, I need to order business checks.

I felt like I was reading a letter from someone who was brand new "If I can get conventional financing then I would like to".

The right person to talk to is almost never the loan officer, they are just a salesman, try to find the loan officer's boss and start there.The problem with this situation is if the property is gifted the bank can still call the loan and is more likely to call the loan because it was a gift rather than a purchase.Regards,Allen Fletcher

@Edward Stephens the 80/15/5 program you refer to is conventional bank financing and is for owner occupied homes only and the 15% can't be seller financed.