@Connor Rice, 20% COC on just 3.5% deposit, with well over $200k of debt that barely pays for itself after you move out (needing to be paid out or refinanced after 6 years), with only about $10k supposed discount to begin with? 

Baring any major repair requirements, I expect the deal to go through.

I barely had to explain my strategy or what I was trying to do because he already knew. 

The woman responded to me with "I'd sell this house in 5 days if I could"So I got her contact information, introduced myself as a real estate investor, even though I barely know anything about this game, and told her that if I couldn't find a reason to buy it myself I might have a couple of people who would be interested.We have a phone call scheduled for later this week, so right now I am reaching out to anyone who might have any ideas on how to proceed.

It's usually someone who bought one, doesn't want to sell it and rents it out to get it barely cash flowing. 

The price was right, I was able to come into the deal with barely more than 10% down with a seller carried contract in place.

Always great seeing people in the local markets participating in the forums. 

My main issue with this is I’m not trying to male any money off this, I will be using the garage as storage and they are just barely above poverty level income so it’s essentially a favor because we know they will be safe there with little to no issues with the house since it is a slab style bungalow house 2 bed 1 bath. 675 sq ft.

This property barely does better than break even for the first 5 - 7 years, unless you can boost that rent by $150-$200 per month right away with some very low cost improvements.What has you excited about this house, other than perhaps it is your first purchase?

In March 2020, 5 months later, Sara announced that the house had been barely renovated, that Serk Investments was going out of business, and that Ray and her were no longer working together.