The products they sell are almost always counterfeits or not as described and the land they sell/finance are worthless.

Additionally, some landlords are still waiting on over $5,000 in payments from the program.This market is right in my backyard, and it seems like a good place to start, as I can afford to buy homes in the $65,000–$80,000 range and am familiar with the area.

@Emmanuel RugambaChicago is a great market for house hacking because of its affordable 2-4 unit properties, strong tenant demand, and diverse neighborhoods.

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

Also can you list some banks that allow the soft pulls when applying for business products.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Hsin-I Hsu  It depends on your long term goals, risk tolerance and earning potential.A couple of bay area sayings:   Any time you can afford to buy real estate you should.  

Then you wind up with units in your park that default on lot rent and cannot afford to move the trailer. 

Lets start with when it does not make sense: Owner finance does not make sense when the borrower cannot afford the property. 

Adding value and sweat equity to the homes we occupied was the only way we could afford the bigger properties we needed.