My main issue with a short sale is related to not wanting to damage our credit when we will likely try to buy-up within the next 10 years.Lastly, we're looking at the SFR ($325k target) as something we would live in for five years before renting out as a long term buy and hold - we think we can secure a good 15 year loan that aligns with rental rates in the area.

Doing that you will have to give up some of the deal.Why don't you just go for an existing property with a value add component or something fully performing.

I guess my main question is who should I be contacting to start the short sale process?

I mainly just want to know if by accepting this second applicant and essentially taking the property from the previous if I'm breaking any laws or anything.

My main focus is now on creating competitive advantages, becoming more efficient, expanding to other states, and working on big pictures goals for my company.

I'd agree inspecting each unit and mains on the property before undertaking the metering.

The main thing is just to keep up with the paper work and fax/ e-mail everything.

I have had jobs broken up into separate quotes for various reasons before though (mainly for bank loan draws).

Funding was not a primary component of the program, simply an afterthought.

Well mainly what are the Fannie Mae and Freddie Mac requirements for loan approval.