Might be safer and cheaper. - You might want to offer to take the investor out to coffee.

Would you happen to know if property taxes have a cap the way variable mortgage APRs do?

I would try to get an actually mortgage if you plan on holding the home.

Does anyone know of lenders in TX, GA or MN that will loan on notes under 50k?

Thanks!

@Robert P. thank you for that info about how it is done in Mass  i will look into that info for NY@Matthew Paul i purchased the property for cash, so as far as not having income i will not have a mortgage to pay for, the reason money is tight right now is because i had to pay school taxes right after closing, and then spent $17000 on a roof the first month. 

Hello, I am trying to find a mortgage broker in the Pittsburgh area and was wondering if anyone had one to recommend?

Here it is:I'm a mortgage loan officer.  

Wanted to float some thoughts with you all, My home is currently valued at $220k, originally purchased for $155k fifteen years ago.I have enough cash on hand to pay off the remaining mortgage of $120k and have a paid off home to either live in or rent out.   

But if you are literally trying to start out with as little money out of pocket as possible, mailing could be cheaper.

I have a rental property already mortgage $1500 month leased for 1 years ($2000).Nets $500 month I have a $450 loan out and that's all my debt.So where does this leave me for trying to qualify for s home loan for no more than 80k?