@Brandon Turner Thanks for bringing that to our attention.

I do buy-and-hold and I bring in investors for large apt deals to split the profits.

The flip will bring me money up front just like slaughtering a cow.

The degree of difficulty is much higher than it needs to be, but part of the underlying agenda is to cut out equity financing and bring deals into a bank.So, while these new regs will be a PITA, they also provide a large financial gain in the system.BTW, I do understand your resistance and let's wait and see attitude since you don't have a mortgage broker's license, if I were you I'd hope it wouldn't be necessary too, but much of the two recent Acts are pretty clear, doesn't take a genius to read them and say "Oh Crap"!

Eventually, that will bring more results than a few drips on more people. 

You bring up some good points and you're correct, you may not be able to do anything during the initial stages or with forecloslures and quick cash only offers.

The listing says that it's a "motivated seller and to bring all offers".

Call came in today from a DM campaign and wondering if I can make this a deal somehow:SFH ARV $140kRepairs ~$12kSeller Owes $116k (1st and HELOC)Tenanted at $1000/month - which is negative cash flow with existing loans and taxes.Sellers do not have money to use at closing to bring down the purchase price.

you bring up a good point Jeff, but that limit I believe you mention is part of HOEPA (home ownership equity protection act) and I believe its only for owner occupied or financing charged to owner occupied.These NMLS classes we take are pretty lengthy and I could be wrong.

When it comes to a Realtor, you'll have the best success bringing the deals you find to them unless they specialize in working with investors and these Realtors have an e-blast marketing specifically for investment properties.