Maybe you can convince everyone involved to convert to a community owned system, with a shared maintenance agreement, reserve funds,Just need to find the smoothest path forward to needed upgrades like an above ground cistern, pumps, backup generator, better filters, or whatever to make the system function 100% of the time$1500 is minimal, spend it if that's the way forward.

I thought those programs provided pretty good value and that Scott seemed genuinely concerned with helping people get started in the Non Performing Note (NPN) space.

They have some low down payment 1-4 unit investor programs that can reduce the cash needed (equity line amount) to close.

Hi all,I browsed through a few pages of threads looking for an answer but did not see anything applicable.For the private lenders out there, what is the best/easiest program/application/platform to use to begin private money lending to others?

I havent done any Habitat Loans but form most DPA Programs in Florida if the refinance the mortgage or sell the house they have to pay back the grant.But they all work different. 

But its seems like these products are imaginary programs that people have heard of but nobody has actually done one.

Once 6-12 months have passed, depending upon the loan program, you should be able to refinance it to bleed some of the "instant equity" out.

The CFPB does define "conventional loan" as "any mortgage loan that is not insured or guaranteed by the government (such as under FHA, VA or AG programs)", conveniently leaving out the guaranteed money that Fannie Mae and Freddie Mac enjoy as pseudo governmental agencies, but no one that does DSCR loans cares what the CFPB calls their loans because they don't govern DSCR.I'm a broker. 

Also, if you plan on doing rentals down the line, you could use non-conventional programs like DSCR that doesn't restrict you by DTI.

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.