Contacted a lawyer who was handling the legal issues of an estate sale.

Yes, you can get 10 conforming, if you go to a bank or a broker not familiar with investors they might tell you 4, but its 10.The underwriting changes when you get to loan 5, and frankly its more of a headache for the broker (and the borrower), so a lot of lenders don't handle 5-10.Some of the rules that change beside the reserves, no cash out on NOO after your to mortgage 5, your mid score has to be a 720.As far as portfolio lenders,,as many as they will write you, and when you finish with that lender go to the next,,the limits are on conforming (say Fannie/Freddie) loans

What you really need to ponder is if you can handle the extra time and emotional energy the low income can zap - chasing rent, doing the same rehab over and over, not being able to go after damages.I would do Section 8 in a heartbeat, there are more incentives to do the right thing to keep or reinstate their vouchers.

Any snow in Atlanta is an event...they don't have the infrastructure (or the intestinal fortitude :) to handle it...I've been getting updates from friends/family down there for the past 24 hours.

If I'm right about that, I'd be interested to know how I should best handle that situation.If someone can provide feedback, I'd appreciate it.

Handled the right way you could end up with a deal you could do or a wholesale opportunity.

The listing agent CAN handle the whole deal.

My friend has asked the attorney handling the settlement, but the attorney represents the seller, so I'm not convinced my friend will get an honest answer.

The first 3 years he pays his mortgage and profits 100 a month and we handle the management.

What do people pay a realtor on a private sale (I found the property with direct mail) to handle the closing process, home inspection, etc...?