My situation is essentially I've had to liquidate much of my $ to assist a family member out of a major bind with their health (bless the medical system <rolls>) and that has put me into debt in a big way and my income barely covers my base expenses (not counting other necessities...gas... food.. etc).

However, distress listings are coming on the market, or back onto the market with a different listing agent, every day, so a high DOM number is not a necessity.

Depends on your market--I'm in San Antonio where A/C is a necessity most of the year!

It's really not a trick, it's the old-fashioned necessity of having a partner, having your lender relationships set up in advance of finding the deals.

It may have nothing to do with you being current on your loan or not but more of a 'business necessity'. 

I will receive a housing allowance (BAH) roughly equivalent to [a conservative] $15-20k/year that can either go to rent, base housing or a house purchase.Next, my plan, 30,000-foot view: I want to purchase and live in a house under the pretense that it will become a rental property (by necessity, within a military community) when it's time to leave.

I am looking into becoming a private money lender for a real estate investment company who secures their loans by placing the lender as the 1st lean position and uses a "Reverse Quit Claim Deed" to avoid the necessity of foreclosure proceedings.

Which players are considered a necessity and which ones are optional?

With global population increasing with the exception of European nations, the cost of food and basic necessities is rising at ridiculous levels.

If the change affects the health, safety or necessity of the dwelling, the contingency reserve can be used to pay for the change.