A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?

That includes going to the bank and getting a cashiers check.Pay them at the bank, get deed notarized there, then take it to Register of Deeds and file deed.I have done this a half dozen times to keep from missing out on a great deal.For what I'm paying any risk is negligible.  

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Banks need for them to build recognized credit before doing an FHA type loan.

I would suggest either talking with a local bank/credit union about refinancing your existing portfolio and/or one that shows they do MHP loans on their website.

The home was a bank foreclosure from a reverse mortgage.

I then suggest setting up a bank account where there is auto pay.

The internet companies that failed, failed because they didn't have a viable product or service, not because of the underlying technology of the internet.

I find it hard to believe that investors are actually buying negative cash flow deals, but they are and then banking on appreciation.

Experience with financing via US banks as a foreigner are more than welcome!