Obviously this would be cheaper for the government because as you mention, once the down payment is made, they only have to make monthly payments of $450 rather than $750. 

State governments in particular love to catch these things.

I don't do that one with subs tho, but then again it is a government contract that i mostly deal with.

It's a very landlord friendly state, and the state government itself is among the highest in terms of financial stability.

That is how I was taught and am still doing while building up to larger assets.You also have significantly more supply of properties to choose from and can use the government backed loans initially to get started.

The Foreclosure Auction is conducted on the 1st Tuesday of each Month - even if that Tuesday is a Federal Holiday (Example; January 1st or July 4th).I searched for a link to the Montgomery County Foreclosure list unsuccessfully.

The government takes a part of my check for child support.

I'm not saying a lack of checks and balances in government will lead to some kind of simplistic doom.

This won't be an owner-occupied property.Few of the major banks I talked with said that minimum for multi-family is 25% down, which is governed by Fannie Mae regulations.I'd appreciate if you can recommend someone who can do this type of loan and close within 45 days.Thanks!

The one bullet point non-detailed summary of who is likely to end up on one of those financial, mortgage, and real estate type crimes - to include non-felonies.In terms of timing, I just pulled a random file up from a closed transaction in Oakland, and the database checks were run 5 days after I submitted the file as a matter of course with no particular rush request or anything, which tells me that if it was going to be an issue then this borrower would have known in time for their earnest money to be protected by the loan contingency, but after they've spent a grand on appraisal and inspection.When someone volunteers that they are concerned about mysterious government watch lists, we run that check at the preapproval stage.