It has no bering for the tenant in choosing to voluntarily leave or be evicted.

Also think about turning a unit, doing repairs after someone moves out (think patching holes, touch up paint, basic landscaping) can easily run over $1,000.

I would like to put two offers in at the same time for the seller to choose one for $225k using FHA loan and another for $250k with $175k as bank loan and the seller caring $75k has a second mortgage with 60 installments of $625 zero percent and ballon of  $37,500 at the end of the 5 years. 

When it comes to marketing our services to prospects, we choose a plethora of mediums: direct mail, social media, signs, organic search, print ads, etc... 

I remember reading articles that painted a terrible picture back then.

Absentee owners with large equity in the property might be more responsive.Yes, I choose 70% to 100% equity.

If needed, I paint everything a light, neutral color (only 1 color is best). 

So here we missed one payment in this example, but our credit report actually shows 3x30 day lates.Like @Harjeet Bhatti said, you're probably cut off from the gov't subsidized Fannie/Freddie stuff for an investment property for a year or so.However if you come across something, and it's such a screaming deal at that price that it still makes sense even with non-ideal financing (remember that if you have to choose between the two, killer price is better than killer rate -- as any successful flipper will attest to), there's a lot of "Alt-A" (once upon a time called "sub prime") that's come out just in the last year that's better than HML.

 $1,000 - $2,000 in painting, cleaning, patching, or replacing is not unrealistic.  

Appliances, paint, etc.