all sales have to be open market sales at market value to non relatives. arms length transactions.

They're going to welcome you to their countries with open arms someday.  

The lender will require the buyer of a short sale to be an arms length party, and you're excluded from that. 

But you'll have to pay a higher rate to avoid the balloon or ARMs.  

Have you already researched the rules about arms length?

Is there any chance that the bank will accept this application if the appraisal doesn't explicitly state that the 85% rule is met?

case in point I just funded a 8 home package in another prominent turn key mid west market.. the sellers were all AU investors who after years of not being able to make it work from their arm chairs in AU  sold out at 70% CASH loss's per property.. these transactions equated to over a 250k cash loss for those AU investor. 

., 66202913-279-3347 (o) | 913-677-3584 (f) [email protected] | NMLS #488985They are 30 year amortization but on a 5 year ARM.  

Hire a property manager to start go to IREM.org search for ARM certified.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I would give my right arm to live in this house.