I asked another newer investor the same question, and the only thing that would be a concern is that the bank may not approve because it's not technically my money.Example:A house is listed for 60k, I put 30k into the rehab., and sell it for 130k.

Well the buyers mortgage co has informed the buyers that i do not own the property and that it is owned by the bank i bought it from.

We have my mom on our bank account so she can collect rents and deposit them for us.  

I use Bank of the West.

Since the bank failed to maintain the property and allowed low income families to occupy this once luxury property.

I would then demand that money and if she fails to produce it I would sue her. 

I should have been clearer, the $17k fee is the interest rate differential calculated by the bank. 

PMI, sure, why not, i would try to include it in their payments, just like the banks do.

All I need is 3 months business bank statements and a simple one page application.

I've been trying to find ways to contact the owner or find the bank that may own them to try and get the house but have been unsuccessful.