Pretty harsh from the (won't use name) moderator.

Moderator Note: This question is asking about the legalities of this type of lending, and the process involved.

Hello Joel Ubiera, The NACA program is indeed designed to help low and moderate income families become homeowners with no down payment, no closing costs, no PMI, and a below market interest rate that can be bought down to nearly zero. 

The only thing I would add is a slight recommendation to the pathway of first a house hack, then a few rentals that need to work and you learn how to raise the appropriate capital and management skills then move to something with some moderate rehab and maybe even a flip.

Moderator: This is not a promotion, I'm not affiliated with the event sponsors, only recommended for the benefit of this forum's readers. 

My mentor is only looking for moderate rehab projects until he has found a trustworthy GC, so that option looks to be dead in the water.

Still trying to determine that).Some moderate termite issues were found just today, requiring $750 for a full treatment before they can issue a termite letter.According to my FHA lender and her underwriter...this termite inspection / letter should be acceptable.

You have to be colleagues in order to mention someone, but he's a moderator and I thought mods could be tagged by anyone...

The original roommate has caused much disruption here, between her alcoholism and related violent outbursts, to her drug use and threats, including calling the local police multiple times for a variety ridiculous things, all of which is documented, and more than once was told by the police she was becoming a habitual caller and a nuisance, then threatened with arrest.

This particular property is a 3bd/1bath single family home that is in moderate condition but would need to be fix up before re-selling in MLS marketplace.