Will HUD give a post-inspection repair credit or do they really mean it when they say "as is".Jon

As with anything you find, do your own homework and research, do not take what other's say as the Gospel.

For instance, they may say a property needs 5-10k in rehab, when in reality it needs 20-25k, to make a decent margin.

You will often hear the term "cooling off period" which is not well defined but should be achievable over say a 30 day period. 

Which might be contained in Lonnie Deals as might be done by our OP.Finding a mortgage originator, who has a background in the secondary market and very little knowledge of underwriting risks, to stick their neck out to approve and process, say, a wrap deal for a borrower with a credit score of 550 might be hard to do, if not impossible.It's not about paying someone to do what you ask, as if ordering title work, it's about someone willing to do what you want in the deal and being liable for your scheme or strategy.

The riskier the loan, the more lenders want to say as 'skin in the game'.  

Which isn't to say a mortgage foreclosure wouldn't have the same result, but the mortgage foreclosure process is faster and, at times, easier. 

I'm not going to say how many I've sold, but I'll say "a few." 

Between that and the reduced risk of huge loses due to vacancy of say, a single family home with a 3K a month mortgage (like one of mine, vacancy = ouch), and the more efficient management, it seems like it's the way to go.

However, I am not denying that a credit score can say a lot about a person's willingness to pay.