I came across a wholesaler/rehabber in Texas who has made the following pitch; Description: Under market value fixer upper 4 beds 2 bath, 1078 sqft, lot size: .13 acres, yearly taxes: $1,200.00, estimated insurance: $750.00, estimated repairs: 30K; central hvac, flooring, update kitchen/bath, roof, interior/exterior finish.Price: $49,000 CashARV: 109-115KExit Strategy: Owner Finance with 30K repairs: 5k down, $1,095.00 monthly P/I, 30 year amortization, 10% interest, Price: 109kRent with 30K in repairs: $1,095.00 with section 8, no need to chase the monthly payment, Housing Authority pays direct deposit to your account.He is recommending a cash purchase but also has a lender who does rehab loans.  

I'm sure this is not the best way being the results I'm seeing is the contractors buying way more materials than are required for the job and buying tools and equipment on the account when not authorized ect...  

Paul Hi an Welcome to BP i would Recommend getting in touch with your local Housing Authority which has the List of Landlords.

After I learned how bad the permit / code violations were, I couldn't get owner authorization to spend the cash to fix it asap.

While they don't have anything to do with the auction property, they impact the buyer because they have to be waived by the lien authority prior to having clear title).

I have contacted all taxing authorities and determined there is 3200 tax owed on the property which we are willing to pay, and a minor sewage lien.As there is no money being transferred here I was hoping to do the closing myself.

In California, prior to closing our employing broker will send escrow a commission disbursement authorization form (CDA for short). 

There is no lending de minimis federally for homes being sold by someone who did not live in, or inherit the home.John Ferdo maintains a list of rules for dealer's licenses which has no impact on lending rules, unless the titling authority in the state also does not allow unlicensed seller financing of titled manufactured homes.

I have to credit the author Robert Kiyosaki for turning me on to the industry as a whole.I'm really impressed with the amount of knowledge, tools and connections that are on this site.

If full authority it may be possible to avoid a court confirmation and exposure to over-bidding by competiting buyers.If no probate, buying the asset (the property) without a probate is tougher.