The buyer might agree to buy it out early if that took place or the seller could agree to pay off the mortgage and agree to secondary financing conditions with the buyer.

I didn't think about rolling the closing costs into the loan....quick math indicates it would only add about $30 to the payment and I get to keep my capital and increase my cash flow.

Do the math and you will quickly see that making that 50k on the flip is a distant and dwindling wish.

But keeping one you lived in and breaking even like that is fine, your math works with you not needing the cash and being focused on appreciation and loan pay down, although you shouldn't bank on appreciation like it is guaranteed, even at the smaller %.

I can think of some other schemes that wouldn't get you fined or have you end up in jail, but really, the sub-2 and option is probably the cleanest for you, first timer and with you using an attorney, cheaper to have them prepare the deal.If you have read 5,000 of my posts then you're a good guy, trying to do what is right, it's just so easy to get into contracts that end up with a predatory flavor, even if unintentional, look at contracts like a math equation, both sides should be equal, or close to it.You buyer just needs to pay rents, rent covers the mortgage on your sub-2, no issues.

I had found something, did the math and it was SO much cheaper than renting.

Private portfolio lenders might be able to offer something different, but these are the standards set by Fannie Mae and Freddie Mac, and followed by any lender that will sell their loans on the secondary market.

The only interest earned on a mortgage is only on those notes held in portfolio by a bank or lender, most all residential loans are sold in the secondary market.Notes are securitized in the secondary, bonds are issued that generate funds.

If you don't have good sale comps, forget FHA, when I saw the title to your post I already thought of the appraisal issues meaning you'll be going to a bank as secondary market loans lean on sold comps, such are rare in most markets.If financing is difficult on this property due to condition and lack of comps for you, that means it will be for other buyers, except cash buyers.

Wholesaling is my primary conversion to cash, retail is secondary and finally, I hold the properties that I get seller financing or subject to financing on.