Thank you for the fast reply.I am leaning towards it might be a bit risky to assume a refinance as an exit strategy if you are in a deal with a lot of equity tied up.Definitely Valdut, its always good to know all options and pick the option which allows for the best execution is speed, pricing, terms, and the right product for the given situation (rehab, acquisition, long term cashflow, construction, or interim, bridge, etc). 

I think you might have to find one of the local builders vs the production ones. 

Not necessarily land, as it is very costly to build there as all materials except for some concrete products have to be shipped in.

The conventional loan product can help eliminate sellers concerns while still keeping a low down payment.3) I would just compare your rents versus market rents.

They're offering 3.99% interest rates (covering 6% of the home cost to buy down the rate), $10k in bonus money, plus a fridge, washer, and dryer.Because they can't stop building, they have to offer extremely good incentives to keep the product moving in this buyer's market.

Hey maybe it turns out great, but still no real product years later and now this. 

I have been involved in litigation in the past when a subcontractor ordered materials from China and the formaldehyde levels in the products were not satisfactory to the buyers of the units when they did their own testing and they filed a multimillion dollar lawsuit. 

At the end of the day if you are going to buy 10,20,50, 100, 500 or more tax sales a year, it is EXTREMELY counter productive and a waste of time to buy 2 or 5 or 10 or 20 from 15+ states.

Does anyone have any feedback or thoughts on which loan product to use? 

I tried cash for keys, but this guy knew the system and milked every angle.