You could try a first time homeowner loan but depending on the condition of the property you may  need a rehab loan.

@Ian Sanderson I do agree with all the advice presented here: Lean toward local investing unless the conditions are truly untenable.Fortunately, I think you've got plenty of local options.

This will also get interesting if there are any common areas that are being conditioned from one of the thermostats that you are making the tenant pay for (i.e. a common hallway or staircase)Again don't quote me, but this is my experience with large commercial projects that I have built. 

Conditions are that I am permitted to walk through and photograph property before you move and you get paid after you have moved and I make sure the property is in the same condition.

The terms and conditions that come with pledging loans and their implications would just complicate and potentially confuse folks new to the idea.

Basically, I've had the initial conversation with them, asked about their houses condition, and the majority of these leads are folks who want retail for their house that's in need of extensive repairs.

Hello BP,You guys had plenty of info for me when a furnace went that I thought I would now ask you an Air Conditioning question:1.

@Jesse ConnersOkay here's the rule of thumbIt cost 10 to 12% of the value of the house to sell w an agentIf you cant get it cheap enough like 70% loan to value it's not a wholesaling dealIf it's 70 to 85% LTV it could be a listing w an agent or sub2 and a note or a wrapGreater than 85% LTV in good condition and in a good school district and neighborhood is either a lease option, subject to, or a wrap acquisitionThe exit for me anyway on these three acquisitions is a lease to own with 3% downBecause the subject to and the wrap has a due on sale clause issue I want the underlying financing paid off as soon as possible meaning one to two yearsIf it is a lease to own acquisition, I generally assign them and get out of it of itI hope that helps

Ive seen some locations, where it is truly "the place to be" and regardless of the conditions no other location compares. but in other situations, location isnt that important.

We have many friends that rent out their rooms allowing them to live rent free, and save their money for rentals while still paying off their investment.There is so many ways to be successful the key is to figure out your goal and where eyou want to go !