If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

I read that one of the requirements for getting your second FHA loan is having a change in family size.

SubTo is taking over someone elses loan.

So i put in an offer for 10% down conventional loan, $530,000 with 10k back to me for closing costs and it was accepted right away.

I might have a private lender referral that does rural loans in Mid-MO if you're interested. 

We've utilized the VA loan for our current home, and this strategy has worked well so far.

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

It could vary of course depending on the defenses of the tenant and if the court is presently backlogged.

The interest rate on a HELOC or Heloan may be better than the personal loan. 

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.