Check with your building regs department and see if it is available to build on, some or most or all of it could be limited as green space, water retention, flood plain or other issues as it is built up all around the subject property.If it is available, you said it could be obtained cheaply, how would you know that....is it listed?

I would formally send a letter about the inadequate due diligence material as a cause to cancel the contract and refer to the clause in your contract about diligence material and the seller breaching it by lack of providing.

If you're receiving alimony and child support, some or all of it may be used to help qualify, I'm not certain on this tho.

With free and clear properties or all cash it should be no problem.

In certain counties, the bulk (or all) of the vouchers will have gone to extremely low income families or no income families (certain types income are not counted).

The crafty experienced ones know where to draw the line between benign oral advice, and writing something that could prove troublesome down the road.If you're really interested in the subject here are a bunch of articles:http://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?

If you screw up in servicing you can lose your investment and be fined up to 2 1/2 times the balance, don't go there.I'm not endorsing any small broker, but we have a few here on BP might start there....I would think they could all arrange something.Watch out in buying a part of any one note with others involved, if it goes south some or all will lose out.

Some contracts may put some or all of the rental amount towards the down payment.Get owner financing or a land contract.

I'm also pretty sure most or all prospects will not have that kind of cash in pocket.

There is no one book, or one source, other than an experienced professional, that can begin to provide enough localized information to enable you to make informed decisions.Expecting that all "Real Estate Professionals" should be able to properly advise you regarding investment property is like expecting all Doctors to be able to perform heart surgery, or all accountants to know the intricacies of the tax code.