So as a purely theoretical discussion….A transaction structured with a seller “carryback” for a large amount is usually where the buyer is trying for a low or nothing down deal.  

I had to start off with OOS investing because the San Francisco, Bay Area market didn't make sense at all for me to house hack or even buy as a pure investment.

When I am shopping, I'm not purely looking at just the bottom line.

@Alistair Toffoli@Chris BarrettThe president indeed vetoed the Mais Habitação but this is pure political maneuvering.

Please don’t go all pure white. 

If you truly enjoy property management, it might be for you, regardless of financial consideration.If evaluating the question purely from a financial standpoint, it comes down to the value of your time. 

That means SOP's with a video of every lock, every TV, links to their manuals and troubleshooting sites, photos of everything, reminders for when the last time the batteries were changed out, documenting every possible Q&A, documenting what constitutes an emergency, training them, recording them, giving them feedback after reviewing their communications, and having company operating procedures well documented to build them up to where they know as much as possible about the property without actually having visited it. 

And that's where lending money either your own or Brokering does for you pure Write On's and far exceeds rental income of properties that have max debt ( 70 to 80% levered) with a fraction of the effort and time involved.

The idea that being upfront with your lender might tip them off to problems and make things worse is understandable, but not engaging early can lead to worse outcomes when they get frustrated by lack of communication and surprises.It’s also a tough pill to swallow that some lenders will act out of spite or pure strategy, rather than being reasonable partners.

Which means you’d have to purely estimate your rehab budget.