Discount to present value and those low-ball cash offers you supposedly save me from start looking pretty good.

It has a really low mortgage rate that I'd like to hang onto.  

My main dilemma is on financing my first investment property, as I do not have the funding to pay 20-25% down on a loan for investment.

Are there a large number of banks who except Solo K funds?

You can offer to lend the seller money to stop the foreclosures. 7 or do a lease with an option to buy - making up the back payments that would be considered you advance lease payment.Always look at the property if you have intentions of bidding at the auction (this can be tricky because you need to do that with the owner's permission - do try to build a rapport with seller  - also look at the foreclosure suit to find out what the bank is looking for and if there is a second mortgage or other liens.At the court house steps when the auction take place you need to be well prepared with your certified funds but more importantly you need to know the fast sale value of the property - you don't want to pay retail.Get to know your competition - there will be professionals at the foreclosure auction looking to capture some serious equity.

https://www.biggerpockets.com/forums/517/topics/693204-fix-and-flip-and-low-doc-rental-loansEdited to add: I just tried to comment on the thread they posted 2 days ago and got an error message that I'm can not post a reply....... hmmmmm, perhaps they don't want the truth to come out.Mark 

Hello,I'm doing research into how the federal funds rate affects mortgage rates.

Use BiggerPockets Lender Tool to find lenders with low down payments.

I  know that there are certain stipulations that come with the grant and I want to use  FHA  loans to keep my down payments low.

Ben, So what I am hearing you saying is you had a property in LA that was worth $755,000 and after the sale of that property, you cleared $366,000 which you turned and bought a property in Houston for $400,000 by using the $366,000 and adding $34,000 more in personal funds. am I correct in my understanding?