Things may change to make these requirements easier, but I would not gamble on that.So then you are left with cash buyers or high down payment buyers....those tend to be investors, who typically don't like condos....and then you still run into the problem of financing for owner occupants.If this is your first deal I applaud you for thinking outside the box. 

But many times they dont have a search or survey and you may have to gamble a little by paying for a search up front only to find a bunch of leins.

The issue is that if they do present a form, it will most certainly be fraudulent as they stopped paying rent when we gave them notice we wouldn't renew their contract.

They're squatters, and they may have attempted a fraudulent transfer of your property.

Ok this is a long story so I will make it short... we live in CO, my 20 yr old was going to go to college in TX. She (and me as her grantor) signed a lease at CEV Canyon student apartments. She later found out the sc...

Do we have a leg to stand on to have holder of funds give partial dispursement to both parties due to fraudulent handling of earnest money and ammendment?

But I am in NY so 500-1000 dollars is really not going to earnestly buy me anything, except maybe being laughed at by a banker5000 could maybe be a consideration on a low to mid property but I don't want to gamble that my first deal will be perfect...

I don't have enough money to speculate (gamble) with real estate.

The one who received a mortgage that is potentially fraudulent is the seller that you are dealing with, not that original seller.

However, I hate the thought of putting my neck on the line for what is essentially gambling, without getting that nice monthly inflow that makes it all worth it.So, I am thinking of investing in a town about 2 hours away.