Pull 5 property packages find the 5 pages in each that say why this area is the best for real estate.

The BPO usually isn't ordered by the lender until after they receive an offer and the borrower's short sale package. 

If they want a pet they are asking to change the terms of the lease and it is at your discretion.

They are worried about how the loan will be handled especially if its a low-value home housing a vulnerable borrower.So most institutions prefer to package up the loans and sell them to another bank or non-bank mortgage specialist.

In any case, I do allow pets in my rentals at my discretion; it's not a blanket acceptance.

Here in the midwest, the same loan officers who are offering traditional FHA financing seem to be offering a "Wheda" planEssentially it's a secondary loan that you have to put down on your mortgageThe "Wheda" program to my understanding counts other rents as 100% income (Traditionally i think it's 75% or so)The advantage to this loan package is that you will not be paying PMI "Wheda" requires a 5% down payment and the secondary loan is for 3% of that 5, so essentially you get into a piece of property for 2% +\- out of pocketThis was just explained to me this week, I am by no means an expect-- seems like it could be a good gig for owner occupants starting out!

Sure you may make 15% (Many counties are getting bid down much less right now) but you're at the discretion of the debtor as to when you'll get your capital returned. 

I'm not sure how the logistics would work if the duplex is parceled separately and done as a 'package deal' but my guess is it would still be a no go.My first deal was an FHA deal and they have somewhat strict guidelines in terms of the condition the property must be in.

@Nichole MenziesCan you clarify as to what you are looking for, individual lots ( for a land/home package) or parks with multiple spaces?

I have been looking at buying a small apartment as my 1st purchase, or a package of SFH.