Or more profit depeding on which way you spin it. 

You're seeking the lowest cost loans that are "conforming" and are originated by your banker/mortgage company, and are available for them to spin off (sell) on the secondary market because they are Fannie Mae/Freddie Mack "conforming" residential loans.

You might also take a spin around this site. 

Find the buyers first, know what they want, then find the deal, contract, sell, otherwise you're spinning your wheels and wasting your time and that of owners. 

My husband and I each work full time W-2 jobs, and the plan is that two of our adult sons will do a majority of the rehab work- but they can't start until June so we're just spinning our wheels. 

The books have already been written, they are the Fannie Mae Mortgage Underwriting Requirements, Freddie Mac, FHA, VA and USDA are pretty much the same with spin off requirements for unique programs.

This is okay with the first one of these deals, but how are you going to spin it when you apply for the 2nd conventional loan?

She is just spinning a tale.

If I said I will sell you a house valued at $100,O00 for $10,000, but u r flat broke, I guarantee the wheels r spinning a million miles an hour on how you would get that 10k and you would get it.

Everything from neglected maintenance to poorly managed financials to tyrannical despots on the board can cause your investment to spin out of control.