They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

I am living in an area that is over saturated with rentals so it may take me longer than a month to find a tenant? 

SFR are not rent controlled so you have no issues there.In every jurisdiction I am aware of in San Diego county, Month to month lease requires a 2 month notice of lease termination if the tenant has been in the property over a year and one month notice if the tenant has been in the property less than a year.  

The monthly interest we paid on the existing note was $2,200.

You must be a very durable man, to take that on.

Pros and Cons of Month to Month. 

I want to rent it out to go on to the next live in house hack single family property.

I’ve been experimenting with giving rent reductions, updating photos, emphasizing warmth (cozy interiors, wooden flooring), and running frequent short-term ads during the winter.
What’s your favorite quick win for ge...

You have to read the fine print too.

It is very similar to an interest only mortgage when it boils down to it.