Prepayment of Principal:  Do you have a pre-payment penalty?

All/most houses are like that here...I have no idea how low I can get the house... as the owner already talked about "it is a 800K house"... and as this is not a pre foreclosure list I still have a hard time determining how motivated they are.

., no snow for ski markets, oil spill, strict ordinances, regulation, etc.), you'll still have another location that is hopefully immune.That being said, you can also be more risk tolerant with vacation rentals by working with a manager that is offering fixed rental income, meaning they pay you a guaranteed, fixed amount every month.

That would give you plenty of time to pay it off - or even balance transfer to another card down the road if needed.Google Credit Card Comparison - 0% APR 21 Months

If you're using OPM to fund the deal, then you'll most likely need a pre-approval letter of sorts.

One of a few things you need to do before offering is to get a pre-approval loan letter.

Get a pre-approval loan letter that should help you do it.  

This means it stays fixed for 10 years and is a lower APR than a regular conventional mortgage.

If you're targeting MLS-listed properties, you're going to need to show proof of funds (or a pre-approval letter if making a financed offer). 

Have a pre-approval loan letter to submit with your proposal.