If I was in this situation, knowing only what I know from these posts, I'd rather have the properties in Jasper/Dubois County than Indy/Marion County even though the Indy market has more jobs (i think) and can support higher rent (in some areas). 

Some are forgivable at a rate of 20% per year and after 5 years they dont have to worry...Others take 15 or 20 years before it becomes 100% forgivable.Some are not forgivable at all...With this deal I would be less concerned with equity that exists and more concerned with the amount of that equity can the "Moderate To Low Income" of a Habitat Homeowner support in loan format.I am almost certain that its possible but your going to want to know the terms of the DPA/ Grant so you're aware of the actual cost and you have to see what the DTI looks like to see if it will fit what theyre looking for.

The part of the agency that purchases properties may have investment criteria that certain properties do not support, so they sell them because they may meet another investor's criteria.   

Bottom line just like in construction or  renovated properties the only way you will get a" great deal" is if when they aquire the property, it was at a  low price that way you can put more money in to the renovations and still be within the ARV that the area supports.

I have spent the last 8 years co-managing a small remodeling LLC, and have an primary background in project management, client coordination and admin communications/support. 

Minneapolis has an ordinance which will allow rent control to be implemented in the future, but as of now the mayor does not support it so that should hold off for a couple years.

One of the most glaring signs of the scam oriented site that is CI...should be the fact that CI and CiX support Josh Cantwell.

Hi all,Looking for some support here...

I pointed out my house rules to support and wasn't subjected to that. 

That said, there is plenty of data to support a surge in foreclosures this year.