Then we moved into a 3br condo and made the original 1br condo a midterm rental as well.

The pending sale is typically within 2-3 weeks so I understand that as offers are made in the first 2-3 weeks, and the remaining time is what it takes to finalize the sale for both parties. 

When the electrical motherboard breaks on one it generally has to be special ordered and will take a couple of hours to repair which is why I try not to buy them.

Alex, yes I'm looking to owner finance in order for a win, win, win situation.

What made you interested in investing in this type of deal?

Check out this BP published article on this topichttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Many DSCR Lenders are at the six month market (with some at the 3 month mark with some hurdles like 700 FICO, etc.)The big change was in April of this year when Fannie Mae (Conventional) changed the seasoning requirement for conventional QM loans to a seasoning minimum of 12 months which made conventional pretty infeasible for BRRRR

I made a post over in the Starting Out section but it didn't get much traction.

The first consideration, in my case, was that I could afford the first loan since the property I took the loan on for the downpayment was rented and would still cashflow even after I took that loan.The other consideration I made was ensuring that the new property I was acquiring would also at least break even with the monthly payment for its loan.The third consideration was that I had enough money saved not for the downpayment but for at least five months of payments on both properties in case I couldn't pay the loan in case of an emergency (you never know if the new property will rent immediately or when you will have unexpected costs associated with either property, etc.)All three considerations were very important to me, but for my peace of mind, number three was the deciding factor.With this strategy, it could seem that I am making less money since I am racking up new debt on the rental I owned to begin with, but the way I see it, the appreciation I will get in a few years and the actual cashflow that I am still getting were completely worth it.

What made you interested in investing in this type of deal?

My brother just made an offer in Italy.