I would think that since you were the buyer and once removed, the requirement ends.

That still requires a fair bit of research and due diligence.

Most will require at least 10% down so at cash out you would get your down payment PLUS the $23000 "profit".

Do they allow you to purchase the house with no money down or is a 20 percent still required?

You will work with other investors and that may lead to deals.Many states require you to hold a real estate license while operating as a property manager, which means you can be licensed to sell at the same time.

No major work required What made you interested in investing in this type of deal?

You will find the 5 unit renovation will require a higher price per SF renovation budget because most of your budget will be MEP'S, kitchens and bathrooms.

20% down payments would require a lot of capital.

A very complex situation that requires an in-depth case-by-case analysis.

You have an interest in Creative Financing, Subject To, Wraps, Seller Financing, Lease Options – things that a lot of people talk about, some attempt them and you believe that’s where the future is in this high interest rate environment.Definitely requires “one on one” coaching to avoid the pitfalls.