secondly - appraisals are just an estimate of value - and if you don't think that when an appraiser who does appraisals for banks doesn't come in RIGHT AROUND WHAT THE PURCHASE PRICE IS of a given property - you're dead wrong.it doesn't matter if the property is worth 400k and the purchase price is 320k - the appraisal will be like 330k, period, end of discussion.that's on a purchase price.if you get your own appraisal, independent of the bank appraisal (the appraiser who does the appraisals for that particular bank) - you'll generally get a better, more accurate description of market value - for your investment needs.FNMA is just a corporation that buys loans.

The 3 property rule usually means that the investor ends up acquiring one larger property and the 200% rule generally means the investor ends up acquiring multiple smaller properties that add up to a great amount, but the tax advantage is the same either way.

Questions:Asking price 177,500 in a neighborhood where many houses go for more, but many have a pool, this does not. 4 small Bedrooms, (not a major problem) and the neighborhood is generally well kept.

I'm going to guess you are asking about my answer of both.My point was that one is not "better" than the other in general terms.

It is applicable for real estate agents in general, however.

the process of foreclosure varies, but is generally the same.

I understand there are some pretty large variables, but any general estimates?

Unfortunately there are some lenders doing cash backs, tyically seen with new home builders for which many states are changing their laws to include builders in their boards enabling the general public to sue when they do something corrupt.

I have been a general contractor for over ten years and have recently decided to invest in real estate fix and flips.

I know its possible somehow, but for example the lender I generally use has a 2-3% limit on seller pay out towards closing costs.