IIf you are paying a flat price to get the house painted , who cares how much paint he uses , as long as its done .

If you can't pay that debt off after your introductory APR expires, you will be in a terrible spot.  

Here are the terms: Purchase Price: 255,500Loan Value: 229,950Sellers Credit: 15,000Down Payment: 25,550 (10%)Debt Payoff: ~22,000Interest Rate 8.12%This high debt payoff has doubled since I initially started this process (at first it was 10K) and lender is telling me it's due to the interest rate increases. 

Now you need to figure out how to find deals and pay for them.

He might have to sell the properties to pay off all the debt.

People who get evicted after not paying the rent for a long time re usually not the best people and often leave lot of damage in their wake.

The "price" you pay to a buyers agent will come back 10 fold when working with really knowledgeable, trustworthy market experts. 

@Kristi PrattTo make smart real estate choices, think about rising rates, cash-out refis, and slow pay growth.

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

Also, the rent amount may include the lot rent if these homes are in communities or land/lots where you pay rent for the home to sit there as well.