If that happens, and you can act within that window to lock in a low fixed rate on a discounted property, it may be one heck of an opportunity (I'm thinking that's a few months out depending whether we have a second wave of COVID, and it might very well be location-specific, proportionate to the degree of economic carnage caused by COVID).

People forget that people still need to travel and when the demand comes back they’ll be caught with their LTR tenants while I gobble up their bookings.

It is a very beaten down house that has been pretty vandalized (copper wiring stripped, holes in walls, dirty, windows broken, etc.).

There is potential for getting different loans that may have lower down payments, such as some commercial loans. 

None of them are “set it and forget it”.

Anyone who has been on the receiving end of more than a few "window shopping" calls can tell if they have a real prospect or a tire kicker on the other side of the phone.

In this business, you come across some interesting situations, but this was one I definitely won’t soon forget! 

Added a 3rd bedroom new kitchen bath flooring paint windows garage door floors doors and trim.

And let’s not forget about the Great Lakes, water ways, and rivers that are all at your finger tips not to mention Detroit’s abundance of stunning and glorious architecture.

@David Lewis forget about Non-QM lenders at this point man.