We are having trouble finding any property that meets the 1% rule, or any numbers that make sense to us for that matter.

This method won't increase my monthly cash flow much in immediate future, but as loans are paid down and hopefully appreciation occurs, my overall situation should improve dramatically. 

Title companies do not cast judgments on these types of deals as long as they are arms length.. your risks are the bank gets wind of the transfer and calls the note.. as long as you have the ability to refi or pay it off.. to protect the 15k or so you going to put into it.I don't know about UTAH but there are some very tough rules in OR and WA when dealing with someone in foreclosure.. is this their primary resi or investment? 

A good coat of paint will do wonders on improving a rental if nothing else. 

So I'm wondering if anyone else has had issues with their bank not knowing the Fannie Mae rules on seller paid closing costs?

I think you will find that most real estate rules don't apply in Southern CA and especially in highly sought after communities like Irvine.  

I believe it's CFPB 7/17/16 final rule, requirements are there.

Keith -  MegaCorporations that are health insurers/hospital/family practice/everythings that gobble up a city and literally buy up all the doctors, change the insurance rules to screw everyone but themselves, and the paperwork...don't get me started.  

I've read that the 2+1 rule is unwritten law, but it seems like that's not a hard law anywhere.I have a 3 bedroom 1 bathroom property and had an applicant that wants to move in with 6 adults total and two children.

I don';t have conversion stats on this improvement, but the high equity and over 50 leads and vacant looked like better leads than my prior mailings.