I think @Jessie Chang hit the nail on the head when it comes to vetting out a potential turnkey provider.  

The RMLO can tell you whether the terms you want to offer can be legally offered.Once you have an RMLO lined up to handle the applications and origination and have nailed your terms...market away.

@Hattie Dizmond  just nailed it.Shop around you might be able to find better rates.

Since PPR offers the warranty, I'm still trying to nail down all the risks to buying a performing 2nd from PPR if it goes south.  

I mean nail them. 

Here a mirror hanging on a wall with a wire over a nail is furniture and not included in the sale.

Another issue is that some assign notes to other investors and never file the assignment, the broker can get nailed pretty hard as that can take them to fraud issues.

But my ruleof thumb when it comes to investing is always:Cash flow is king.People on here always talk about risk and over leveraged based on the LTV.To me, LTV means very little if the house is cash flowing big time.In this case, Joe hit the nail on the head.

No, it's Top Secret, can't even discuss it but really, I think Joe likes us to think he just gets his spook buddy in the CIA to track them down.......LOLUsually any small operator is easy to nail down.

Michaela pretty much hit the nail on the head as far the intent of the 203K being a "livable" house.