At the conclusion of that effort, I'm only concerned about its value being somewhere reasonable close to the entire cost to obtain and renovate it.That said, in thinking about how to get to that outcome, it seems to me the idea of buying the note from its current holder would be an ideal solution, depending on two fundamental things.  

There are other options, but you don't want to be in a position where you obtain the property and lose it.

The below FHA thing makes zero intuitive sense when the departing residence is a 2-4 unit, but it is what it is.You can of course do a cash out refinance of your current primary residence to obtain down payment funds.

I work with individuals like yourself often that have $20-25k to invest and it is sufficient for these temporary bridge loans to get you through those first 30-60 days while you are obtaining the mortgage.

Good Day,Seemingly having issues obtaining financing for a church turned into three apartments because similar comps are not able to be found.

If it is not habitable then you will possibly have to work with the city inspectors to get another certificate of occupancy. 

So here I am, future rehabilitation center therapist, graduating from a graduate program in two years, looking to obtain a FHA 203k loan to move into my own investment property(duplex, triplex, or quadruplex) with only 3.5% down(the terms of this loan) and obtain rehabbing financing.

Many of us have pour hands tied.So, in our case, rather then spend hundreds and 6-8 weeks or more in court to obtain an order of entry, we decided to wait the 3-4 weeks and have a contingency of him providing the pics.There was no possible way such order would have been obtained prior to his move anyway, so it would have been a costly, fruitless endeavor.Don't believe me, read here: https://www.cga.ct.gov/current/pub/chap_830.htm#se...And yes, I know Sec 47a-16d (2) does state "as permitted by section 47a-16a" however that is contingent upon Sec 47a-16d (3) "pursuant to a court order"Without a court order, the "as permitted by...." cannot be upheld.

I make sure that I can prove they have income and credit that will allow them to eventually obtain bank financing in order to comply with Dodd- Frank.

I'm speaking with someone working PM now and they were saying all I needed you start a management company was A COS certification.