Hey Everyone,I'm hoping someone can shed some light on this or tell me a smart place to look to find the answer. :)  I'm still a newbie that is planning for the future and trying to implement a CYA policy from the beginning. :) I have free legal insurance with my job and used it yesterday for a one hour session with a real estate attorney. 

So here I am thinking I found a pretty good deal on a REO condo that I can rehab and sell under market without many issues.Turns out, after talking to my mortgage broker, that the property is not on Fannie Mae's list of warranted properties and therefor demands a 10-20% down payment with rates in the 6's for an ARM and 8's for a 30 Fixed.If its this much trouble to purchase the property for me, then I don't think its a great investment as far as trying to resell it.Can anyone shed some light on this for me?

Hopefully I was able to shed some light on the subject.

Can anybody shed some light on this?

Hope this sheds some insight.

Can anyone shed some light on this.

Perhaps another BP member might be able to shed light on that.

An online crime investigation + visiting the local PD may help either clear up the concern or shed light on a potential issue. 

I hope to be able to use this knowledge to help answer questions and shed a little light on the city...

If you are then I would do easy improvements like landscaping, Kitchen upgrade, adding a storage shed(for additional storage), maybe add some fencing.