Also with these loans be prepared to face higher down payment requirements possibly 20%, you may have to pay up to three points on the loan.

At worse case scenario I lose out on my home inspection fee during the due diligence and I back out if it is to much to bare but I'm going with my gut on this. 

At worse case scenario I lose out on my home inspection fee during the due diligence and I back out if it is to much to bare but I'm going with my gut on this.

Tell them that you have seen people facing foreclosure who have been able to get out from under an obligation that they could no longer handle.

More like look-the-other-way.The industry still faces big issues with banking.

It needs a face-lift exteriorly but doesn't need much at all inside.  

You had a PM who had washed their hands of you as a client (not saying it was right) and was going to do the bare minimum that they were required to do.  

bare land in C class areas unless your darn certain there is going to be some redevelopment going on  is basically worthless... its a liability not an asset.. you can buy existing homes for cheaper than you can build them for even if the land was free

Your phone skills also need to be top notch if your cold calling efforts are going to bare any fruits.

I can afford to pay the monthly mortgage on the place and do the necessary rehab work, just don't have the capital to shell out $108K + rehab costs.They would probably be okay with this, just would like to know if there are any challenges/hurdles i will face?