Plus, they can work with you to improve your credit and get you a better loan product (lower interest rate, etc.) if they have some time upfront to work with you on this.2) You Don't Need 30% Down For Conventional -- You only need 5% down.

I think the people concerned about being scammed, have either been scammed previously, have trust issues, or just realize that its a dog eat dog world... the majority of people in this world only want to benefit themselves (that's just the truth).

I've known a few people who have lived in Indy and my non-REI employer has a major division in Indy. 

Just checking to see if anyone is lending in-house with less than 20% down without mortgage insurance on investor products.

But apparently the majority of this building is already sold out, with over 50% of the units being investors.I sent an email to the agent that had taken us through the presentation - and she agreed the numbers were likely accurate but I should be looking at this with a "long term view of the price appreciation and someone paying the majority of my rent".I'm wondering what the consensus is on 1 bedroom condos for renting, and the idea of negative cash flow? 

If it was major work (i.e. re-roof, exterior painting, parking lot resurfacing, etc), I'd notify them as a courtesy. 

If I were you, id high ball everything , sounds like major damage to this house     maybe shoot for 60k rehab, high points on the hard money..... even if you buy cash at 30k +60k + hard money fees + closing costs ... you might be able to squeeze a 10 percent return out ..... if you have good contacts id say maybe It could work ... if you have only done this a couple times , maybe pass on this for something with a quicker turnaround time 

I would say that your going to want at least $10,000 in reserve in case you have to make a major repair, have to pay the mortgage if not all the rooms get rented, and expenses you didn't account for. 

I heard there was a conventional product which would allow you to put minimum 3% down. 

But, I need some coaching as far as financial strategy.I have an 800 credit score and no income (new RE agent) and my husband has a great W2 job but really poor credit due to some major credit card debt (long story).