If you act alone and get in some future trouble, bet on things going badly with a judge when he finds you were booted out of the industry by HUD. 

I bet the current owner bought it for tax's or maybe paid 2 to 5k for it.. that's why he will Owner finance with 50% down he gets all his money back in the down..

there is no way around it, you could try and bet a business loan so you could have more capital.

But I'm willing to bet that a ton of my Mastermind students who are closing deals will vouch that my mastermind is worth every penny!

@Charlene Isoh If you want to do student housing your best bet is in the cities of Albany or Troy.

It sounds like recording a mortgage on the house would be the best bet.

Direct marketing or a wholesaler in the area may be your best bet.

The wholesaler doesn't want to give out information unless you demonstrate that you're legit.Technically sending out personal information and advertising a large bank account to someone through craigslist also make you a target of a scam, too so tread lightly.In order to get a proof of funds letter, your best bet is probably working with the bank that holds the money (or line of credit) you plan to use to invest.Also, consider a different approach in looking to meet the wholesaler for coffee in order to discuss more about their business and your criteria.

I would bet they would go down if the tenants were paying them...

If not completely, I bet she will be with a big check to pay things down/off with.