If the move-in date is a week or more out, we require a $200 holding deposit for each week or portion of a week that we are holding the unit.

4 more years of vitality in the stock before entering into the new 18 year bull cycle in 2018. 

Therefore, Tom pledging a portion of the beneficial interest in the property using the Trust is really no different than if Tom got married, after purchasing the property, and had his wife added to the deed.The only reason I would recommend this route is because, Tom was willing to meet the owner-occupant requirements of the FHA mtg. 

It's my understanding that 5-10 can either be just a purchase loan or meet the delayed financing rules, which I believe were instituted back in 2010 or 2011 to help people feel better about buying foreclosures for cash knowing they could get a large portion of their money back out within 6 months.  

I assume you got a Good Faith Estimate, so you know what your lump sum up front portion of the MIP is, along with tax/insurance reserves, closing costs, etc.

If institutional investors purchase these properties, they will have huge problems with scaling an operation to renovate these and if they sell them off one by one, they will most assuredly be selling to investors that are not aware of the conditions of the properties they are buying.Here is an article from HousingWire just yesterday, that we were a source for, pointing out the problems with large scale REO to Rental sales.http://www.housingwire.com/news/morgan-stanley-calls-rehabilitation-vital-reo-rental-success?

Therefore, not all their decisions make the most sense, but ones credit score is a vital part in obtaining good financing, especially at a young age.

This is information that is vital and should be in depth and detailed to allow for the best decision possible to be made.

If so and you have a LOT of equity in it, you could take a LITTLE BIT out to get started.You could also ask the seller to carry a portion of the sale price, then that could cut your down payment in half.

Verify that the repairs listed are all that are needed to sell it and that it will only cost 13K.After determining your own estimates on these two vital numbers, then you can make your own determination of if its a deal or not.I would recommend buying a rehab project in a normal market at 70% of After Repaired Value minus repairs.