So for this program if you qualify and are able to afford the full value of the home you only have to pay the mortgage on 50% and then after 3 years you can sell the home and keep half of the profits and any extra equity or gain in value and buy another home in another area?   

I would want to get MORE from the seller than that in a concession so that I have an opportunity to end up ahead for the extra work, hassle and risk. 5.

An overlay is an extra rule that banks put ON TOP of Fannie/Freddie loans to make themselves more conservative on their lending. 

Local handyman that has an extra set of hands might do it, but it's really a 3 man job for effeciency. 

So let's say there is no value increase, but you pocket an extra $1,100/mo in income.  

Having extra cash is not a bad thing.

I also pay for performance, meaning if my selling realtor gets my full net-price or better, I bonus them an extra .2% (which would be $2,400 in this example).

The extra money over and above your payoff must be paid to your borrower, or to secondary lienholders if there are any.

Hello,I am currently located in the Denver, Colorado area, looking to start doing some fix and flips to generate some extra income and eventually transition to a full time real estate investor. 

My thought was one roll per person plus one extra—the house sleeps eight, so we supply nine rolls.