An FHA loan can be assumed by anyone who qualifies for the loan.But in all cases, the new borrower will most likely have to bring an enormous amount of cash to closing.

I am currently running ads to rent out the entire property and will be able to bring in $500-$800 in cash flow after all property expenses and have received multiple application requests.

And a price that’s a 10-20% premium over what I could sell for cash.  

Once it is rented the property will cash flow about $1600 a month which would be about 30% cash on cash return. 

It's good you are planning in advance. 

If you hear that and wonder "How the heck am I supposed to find properties that cash flow well then?"

Cash out Refi w/wo co-borrowing with my sister for 75-80% LTV and use remainder after note is paid off for ADU.

Purchase price: $136,000 Cash invested: $10,200 Small house with detached ADU in backyard.

TX in advance for your input

If anyone has wholesale experience (or is a cash buyer that’s interested) please let me know ASAP!