TP is a fantastic place to live, but an awful place to be an landlord.

If it was that simple, with that fantastic of an LTV, just being a rental wouldn't make all of these lenders turn you down.

It's a whole house rewire including new service drop by the power company - - very expensive - - but mandatory for safety as the cloth insulation has rotted away.Plaster was applied over a lath base and you strip the walls & ceilings down to the studs to replace with today's wallboard.Bet you had no idea of what you've gotten into - - sorry to be the bearer of bad tidings.

It's like signing a one year lease in exchange for a fantastic and relatively low risk shot at tens of thousands, if not hundreds of thousands of dollars in tax-free profit and a flip with training wheels while you live in the place. 

I would also like to take the time to thank @Joshua Dorkin and @Brandon Turner for making this fantastic website that has taught me so much!

Creative financing is a fantastic way to get started.

@Sean Tarpenning is a fantastic option in Kansas City.

Making a goal to purchase your first buy and hold rental in 2017 sounds fantastic.

This is fantastic closing attorney:Kevin Schmitt, Esq.

So, use this with everyone you know or meet.And FYI, buying investment properties with Seller Financing coupled with private money for the rehab is a fantastic way to go.