I'm exploring creative methods to finance my next commercial property purchase.

Diving into the BRRRR method, building a portfolio of single-family and multi-family doors.

Send it today as Michigan statutes require a MINIMUM of 30 days notice that must cover at least one rental payment period (typically a calendar month), not any other 30-day period.

For seller financing, what form of payment are you typically using to pay the seller? 

I would rather they buy the travel insurance that pays me the whole kit-n-kaboodle rather than a $100 payment and leave the dates empty at the last minute.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcI've spoken to a few HM Lenders and ran rough numbers by them.

With the FHA I’ll be putting the money as a 3% down payment and I’ll rent rooms (house hacking) or with the investor I’ll invest the money with a hard money loan going 50/50 with this guy.

A variation of #2 where you get a hard money lender on top and your private capital partner just brings the 10-20% cash for the down payment for the hard money lender.

However, homes are more expensive there that requires more down payment.

My hubby and I have a goal of adding 5 rentals this year using the BRRRR method & want to find a city that makes the most sense.