There has been ALOT of new construction in the area of government homes that range 7-9 hundred monthly.

He should be good at marketing, a skilled negotiator on your behalf, have his ear to the ground for movement/conditions in the market/neighborhood, utilize and share MLS data to come up with comps/ARV, have contacts with key players (inspectors, contractors, government officials, loan officers, attorneys, property managers, other investors, off-market deals etc.), quickly manage all the cumbersome paperwork/contracts/communication/scheduling, and know how to navigate a lot of the bumps that often prevent deals from closing while keeping all parties on the same page and moving forward.

With an FHA loan you are typically going to have to pay a mortgage insurance since the loan is backed by the government which is an extra cost each month yes, but to me it seems worth it to not have to put so much down.

If our backwards federal government would stop fear mongering over carbon tax credits (BC, Québec, and soon Ontario already participate in a market with California) and show some leadership, I'd be "dumb grin" smiling.  

You want to know how likely it is that the municipal government will intervene in the future, but bringing it to their attention would obviously kill the deal (since it is now on their radar and much more likely to result in later action against the unit).  

There are several community banks investing in revitalization of the area as well as some government funds, and I got names from two unrelated sources of the banks involved. 

Look at the number of Americans that are now receiving some form of government assistance.

It is a government loan!!!

To get the existing financing and the pay off I generally say something like this:" So the banks going to take your house and give me nothing in the moment and just a few days, I need at least seven days to be able to solve the problem, so I would need to see all the paperwork on the property, the paperwork from the attorney on the foreclosure, then I need to contact them for pay off and find out how much all the fees are including the late fees and the legal fees""If you want to protect your credit rating from a foreclosure on your credit rating, which stops you from getting any other government loans or even might even stop you from getting a government job, let's sit down and look at all the numbers and see what I can do to quickly solve your problem " And then I make sure that when I walk through the property everyone that is on the mortgage and everyone that is on the title of ownership of property is present,  so that I can get some kind of sale and purchase agreement, written signed, and notarized.

The repairs could easily total 100k, but like I said, I'm looking at a huge spread with a clear 100k of profit at least.I've gone on the internet, and called city and government entities to no avail!