So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.

Check out Camelback House condos in Scottsdale. 

I am about to flip my first house and I'm already learning a lot.

My partner would not be living in the house.

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

Get an extra job, live off of nothing, and go put 3-5% down on a single family house hack.

Most rust belt cities are similar, older housing stock, lower prices, higher risk.  

Purchase price: $1,355,000 Cash invested: $135,500 Bridge House STR What made you interested in investing in this type of deal?

The issue that I'm running into is that the seller hasn't kept up with their rent roll registrations (last submitted was 2008).  

We were able to quickly sell this spec house on the MLS at full asking price.