Most lenders will do a hard credit pull before presenting a formalized term sheet, but that is after a property is under contract and your offer is accepted/you submit a full application and send in a credit authorization. 20% down with no STR experience is pretty normal on the market, but you will likely be using a haircut AirDNA projection instead of the full 100% to qualify you. 

Get a commercial activity license using the eCLIPSE platform?

Would love to connect with someone that could offer some guidance.

So, back to making an offer...

Hey @J Scott hope all is well, I just came by this thread and just bought your book on amazon and saw that bigger pockets actually offers estimation templates, sample contractor agreements and 8 other documents..

You could even offer a lease option for when they're back on their feet... get creative and generous!

Take action by making offers, analyzing deals, and implementing your investment strategies.

-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.

They offer a HML for 100% on rehab and purchase up to 65% of ARV on a flip.

That's where services like Nestment or other co-buying platforms come in: they act as an unbiased partner that says "this is what you should think about when buying a home with someone else", and help you set up an LLC, etc.