The good news is the bigger the loan, the more more open the banks to lend you a non recourse loan, that means you dont need a guarantor in the US, they will underwrite based only on the property cashflow.

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

By using the word “jumpstart,” you suggest he has no flipping experience.

Located near the University of Notre Dame, while I lived there for two years, I would short-term rent it for games and events and then stay at a family member's house.

@Luke RentzI am going through it at the moment, but I am going through it as a lender.I have had our attorney send the demand letter based on item 18 of the mortgage:Transfer of the property or beneficial interest in borrowerAfter the 30 day demand we will file for foreclosure.

Based on that, the determining factors would be how much the appraisal would be right after close vs waiting 6 months and whether the interest rates would drop.  

Based on current rent not potential rent max price should be 900k to be able to cash flow property. 

Based on these circumstances, and also just in general, I'm wondering how investor-friendly agents out there approach sellers that have a home that is too overpriced for a fix-and-flip situation? 

If he is still there, you may want to try a little game about returning his security deposit/following the law.

-Taking 10% reserve for vacancy, PM, and Capex-5% for repairs -All other numbers are standard values based on my area.