Yes, there might be some upfront outlay of money but with the opportunity to obtain FHA loans with only 3.5% down, that's nothing in the grand scheme of things.  

I am looking to "house hack" aka live-in rehab in a home I am currently in the works of obtaining through seller financing, since it is non-FHA compatible at this point. 

So here are the questions- The home is a legal two family with 4 units I was planning on renting the first floor duplexed with the basement for 1600 second floor for 1500 and live in the top floor apartment for "free" for 1-2 years would this on paper look like a decent deal- I have no idea what water, electricity and sewage runs on a two family home - Where can I look to see if I could actually obtain those rents for that property ( got these numbers using rento meter) Thank you all very much !

As the wrecking company will then apply to the County or State, to put a lien on the mobile home, and the wrecking company can them obtain title, and then sell it to recover their hauling (towing) costs (and maybe much more!

No deficiency judgment is obtained from an equity funded note unless there are other circumstances, like cash advances to make repairs.In order to avoid all this, you can ask for a deed-in-lieu-of-foreclosure.

I also obtained some CD's that were Q&A and I found those helpful in prepping for the test.

We've even found reliable agents here on BiggerPockets.We've had success purchasing assets in New York but we only purchase in bulk from larger banks and institutions which usually don't sell individual notes or to individual investors.We've never personally gone through the cold calling banks/credit unions route, I've heard it's not impossible to obtain assets that way but I've also heard it can turn into a bit of a needle in the haystack situation.

I thought about forming a separate one for the properties I would like to purchase however, how difficult is it to obtain financing if I do that?

Are you saying the bank (in the contract) prohibits you from obtaining financing?

The good news is that...we are able to obtain a 5/1 ARM loan at 3.0% interest rate at 70% LTV with 10 year balloon.