They walked me through the exact same package.  

It was a raised foundation and they filled the floor heating vents with dog food.....you can imagine...John, which do you think smells worse - dog poop or cat poop? 

If the answer to both added questions would be "yes", then you have a potential goldmine here.Combining the seller's concerns, and the reality of a big down payment being a negative to the seller (see Q: 1), you should be able to set the terms, with a lower DP, and controlled interest rate, to have this property CF and,...be able to sell the package to another REI down the road,...as long as you buy this using an LLC (a new one). 

Mold requires moisture and food (dust is enough).

Protect yourself.Our loan documentation package includes several handwritten forms that the borrower must complete at various points during escrow to establish the intended use of the funds.

We did upgrade to his middle package so we would be in on both performing and non performing so I may be biased, but I think this program has expanded our thinking and allowed us to do more deals and be more profitable.Personal Note:  Our most profitable deal to date closed two weeks ago while we were in the Midwest meeting with potential partners,  It was a non performing note that spent almost 2 years working its way through the IL court system, we were all in for about 25k and netted 60k at closing.  

Tom doesnt have any space for his food in the fridge.

No idea if it is accurate or if anything has changed since then, but it indicated the following:PROGRAM 1 Owner use up to 2 weeks 50% of Adjusted Gross Standard FF&E in high season & 2 weeks Revenues from the Unit and accessory in low season package required.

This happening in 05 to 08 and there were builders with 50 to 200 specs and they lost them all I bid on a 100 home package in 08 the houses were selling for 225k to 250k in 06 ish and we were in contract for 120k each..

Financing- what is the financing package?