The only loan program that will entertain such a deal with a 500ish FICO is FHA (Fannie Mae won't touch it), but you will need at least 90 days title seasoning in order for this program to be considered.Regards,Scott Miller

Everything is new and they are large apartments as I am sure you can tell by the SQ/ft listed.There is public water and sewer and 4 NEW 100amp services.

We use it for about 1 in every 5 marketing programs that we do...

I have found a decent book that just deals with these types of properties and covers lots of specifics: Armchair Real Estate Millionaire.From a financing standpoint, there are programs that allow up to 90% financing for this type lease tenant arrangement.

I've heard about privacy issues since it's in the public record, and as a result you should seek out a relative or friend. 5) What if I choose an available name in DC that is not available in MD (or VA) and I want to do business in one of those states later on?

There are quite a few HML rehab programs that will lend you 100% of the purchase price + cost of repair + closing costs (and in some cases, allow you to roll in the mortgage payments) assuming that the sum total doesn't exceed the ARV allowance of the program.

In addition, by evicting deadbeats, you provide a public record that the person is a deadbeat.

I think both Mike and Eric are a little right...Real Estate Investing has so many languages that we all can have an opinion and each one of us be correct.When a seller calls me and they re upside down or in "fantasy" land I let them know on the telephone...however I don’t educate the seller about my buying techniques on the phone.If you sense they are a Short Sale candidate ask them if they have spoken to their lender about a short sale. 6 months ago the general public didn’t know what that term meant now almost everyone who is upside down and behind in payments does.I like asking if they have spoken to their lender over asking them if they would consider a short sale...

If you could find the perfect program to help you invest what would it be?

Especially since a good chunk of it is public domain info.