Does any body use this program.

However, there are a lot of hassles with fire inspection and certificate of occupancy and just general bureaucratic stuff.

I posted this in the wrong spot first .is anybody using this program to find tenants.

My first house was bought through FHA first time homebuyers program, i then got the CHENOA down payment program and had the sellers pay all closing costs. 

Also another poster said to diy, your supposed to have a epa certification to work with refrigeratant and air conditioning installation equipment is expensive to.As to why a HVAC contractor is expensive is because they have a business to run, employees, workers compensation insurance, general liability insurance, shop expenses, trucks etc.

The biggest problem I see is that the second house is one with which we would want to take advantage of the FHA 203K program and I have heard that you can only use the FHA loan for the purchase of your FIRST property, and by the time we finally go under contract on that one, we'll potentially already have purchased our "first home". 

Freddy Mac has a program called Home possible that you might be able to use for a conventional loan with 5% down.

I understand the guidelines to qualify for delayed financing for permanent residents but I wanted to find out if there is a delayed financing program for foreign investors.Is there someone I can talk to for such program?

Home Possible not only has minimum income requirements to qualify for the loan (with DTI), they also have income CAPS which LIMIT the amount of income you CAN make in order to qualify for the program. 

I think this is a goldmine and I just need some guidance....id be willing to pay for it...i want to export an excel sheet of cash buyers, pre-foreclosures and any other types of leads that could help me....i actually almost invested in the S.M.A.R.T program but im almost positive realist is the brains of their operations.....any guidance or advice?