They allow traditional multi family projects 5-50 units and the program is geared specifically for the "mom and pop" landlord.

Traditional financing with 20% down.

@George Carr the estimate was for helical piers with concrete or mud pumped in underneath.

I'll be renting initially but will look to find the right house to buy as a primary residence.I assume that if a house I find through my marketing is habitable and is one I'd like to live in, that I wouldn't have trouble using traditional bank financing.

I figure these are great people to know, since they obviously have cash on hand if they are buying properties at Sheriff's sales.Congrats on this - these guys can be ruthless and sometimes only buy super bargains, but still, you now are connected with no doubt multiple millions in cash should you come across a super sweet deal.Not the first group to sell to (they are far from retail buyers) but it all depends on which ones you have met - I know in my area some of the courthouse steps guys are willing to operate on lower margins than other traditional investors because they are working on volume.

The only way I can see getting these terms are traditional financing which would highly doubtful/impossible I would think.

As far as doing consecutive 6 month LO's, per the statutes that would still mean the applicable parts of Title 2 apply.The purpose behind the 180 clause was for temporary leases that are used from time to time with traditional purchases.

The terms aren't even close to a traditional mortage but for flipping it would be OK. 70% LTV amortized over 20 years with full balloon payment after 5 years.

Realtors are your best source of business but they want to get paid just like everyone else, they deal with owners everyday that don't want to pay commissions, don't want to short sale and want a better investment.Also Realtors deal with buyers who don't currently qualify for traditional financing and they are walking away from these potential opportunities.Our company LeaseOwn Homes charge a minimum 5k or 3% of the purchase price for the option fee upfront and we pay realtors up to 50% of that depending if they bring the buyer or seller or both.Also we charge 2% per year as the balance of our option fee paid at time of purchase of the property and give the realtor 25% or 50% see above.This motivates realtors to work with you and by taking care of realtors they will give you warm leads and will help you close them.Again a win-win.

Going through a traditional lending institution is not a good choice since it will take atleast 30 days to get an approval.