Modify to fit your lease.  

The property is currently modified to accommodate two families but there are no documented permits for the modifications done to the property? 

Being in WA with high transfer costs and always being aware of tax burdens, I have modified the model from the traditional buy & flip a bit, but that's my new venture for now. 

I stopped because clients found it easier to modify information as per their needs in Excel.

The expense you incur is your "tuition"; and modify your process in order to never, ever make the same mistake twice.

With only 10K the fasted way is like to drastically modify your life style to embrace the frugal and save every penny going forward until you have enough for a DP, closing costs and a reserve fund. $10K after closing costs and holding back a reserve fund will leave you about $5K for a DP.

The reason for the seller's willingness to discount that much in today's climate, from what info I have so far, is due to the extremely low rate on the modified loan (less than 2%, recast for a new 30 year term).So due to the rate, even at 50% of UPB, the return on my investment would be around 4% after considering servicing fees, etc., which is not nearly enough to interest me in this deal, considering the risks of borrower re-default, etc. 

For anything that doesn't come off you can reach out to those entities directly and try to see if they will modify their report.

The 10 year maturity date is where the LOC will modify into a different product all together.

The new inspection law Might have modified that.