@William Causey depends on the transaction and the parties involved.Agree with @Dennis McNeely on some of the transaction costs.A different issue though is with an Assignment, the buyer gets to see what you paid for the property.

Eamon,Any time you face a major issue with a bank/lender and they fail to refund your money or it costs you money and a lost deal due to ignorance or bad lending. 

Could you please send me a link? 

Hi Jean the link didn't work. 

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

Depending on how you are acquiring these properties you may be able to just do one per year but that only matters if speed is an issues.

@Olga K.It doesn’t necessarily confirm the sewer line is completely blocked—it might just be an issue with the internal plumbing or fixtures.

Marie Johnson - please see this link where what you proposed in your post seemed to occur for somebody:http://www.patheos.com/blogs/slacktivist/2012/11/13/rolling-jubilee-proclaim-liberty-throughout-all-the-land/

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

The issue you will have is that finding out what a property actually rented for is difficult.