Unfortunately, the costs they have to pay for undetected water damage and various other defects and many broken windows were much much higher.

With institutions entering the industry a few years back, more products have become available to us as lenders, resulting in better products to the borrowers.

This lender has stopped the particular loan product this buyer was using and I was seeing if I can find someone that can still do this.  

It's taken a lot of cash so I've sold 2 along the way to keep paying for the rehabs.My experience has been that the quality of the product will determine the qualify of tenant you attract. 

Buying the cheapest fixtures/appliances/products.

Those are only issues to people, so if the property is owned by a company the financing options are commercial lenders, which also have good loan products, but currently around 4.5-6% interest for a 25 year loan, while a Conventional loan is around 3%.  

If so, you can refinance out of the FHA product into a conventional, and use FHA again (if you're willing to relocate).

@Kendric Ng I would call around to well known LOCAL banks and take their investment bankers to lunch or coffee and explain your goals and get their product offerings.

But other than those few with a finger on the pulse of rising foreclosures or the preponderance of risky mortgage products, the only real evidence to support a bubble burst was a long steady march up in values.

FHA/PMI products), as we're only trying to put about 5% down to use the excess cash for rehab.