When it is fixed up and rented, it will become a very nice property for me.  

this process has been pretty confusing for me. any help would be much appreciated! 

Is it possible for me to still get one of these loans without the 2 years of employment history?

For me the answer was to get my license because I do it full time so the fees are offset by sales.

@J Scott  HOA s  are an important part of the due diligence.what I have personally encountered since the melt down.. is that the HOA's were never really formed other than the CCR's recorded.. developer ran out of money.. home owners never had a turn over meeting.. so its a rudderless ship.I built some homes over on the Oregon coast that was like that.. there was and or is a HOA but no one is running it.. so no one to talk to about design criteria.. and out our way . 

I was looking to do a cash-out refi to take money out while locking in lower rates, but now that the properties are in the S-Corp, I am unable to transfer back into my name to refi without creating a taxable event.I am wondering if there are any strategies to moving these out in a tax advantaged way (I expect there will be some cost to doing so).Some strategies that have come up in other conversations are:1) Form LLC and issue a note to the S Corp with the properties as collateral... then if S Corp defaults on the note... the properties will be transferred with out triggering taxes (although cost basis would remain the same)2) Have appraiser apply discounted valuations on properties due to lack of marketability (I am only a 50% owner of the S-Corp).  

Does anyone know if forming a partnership with a homeowner who's in foreclosure legal?

Is the water authority ready with the auth forms, yes/no?  

I was wanting to know if someone could answer this for me.  

If offer is accepted, you have 48 hours to submit the wet-ink paperwork to the regional office (PA is the one for me), along with the EMD stated in the contract ($1,000) If you choose not to take the property, you are not bound to anything, so you could walk away without penalty3.