The state and local pension obligations have many municipalities and counties cash strapped.  

Originally posted by @Matthew Paul:There is nothing more permanent than something done temporarly  Mat speaks some true knowledge here, Im loving this quote!

Saying "escrow" can mean that a demand for amounts on account mat require the other party to release the funds by state law, so investigate that issue.

Like @Mat O'Grady said, you can only have one FHA loan at a time unless you have extenuating circumstances.

For the particularly cash strapped simply renting out the lot as a previous poster mentioned is another way to get some income.

Mat-Sorensen_Self-Directed-IRAs-and-Real-Estate_.pdf (sdirahandbook.com)

Strapping in for a long haul and taking Sandy's point that my odds may be closer to 50/50. p.s.

Like everyone else, we are capital strapped.

They fund 64k of the purchase and now you only need 16k to close.I understand the power of the all cash offer and that you want to get there, but if you can't start there then you can still get there but can't start there, does that make sense.First thing I do when a client comes to me strapped - meaning liquid enough for one deal and a small deal - I put them in a market to do some micro flipping. 

Although grad students are just as cash-strapped as their undergrad colleagues, they also tend to be more responsible and concerned with things like credit.