Gift funds (100-150k)I'm assuming I'd also need reserves in the range of 6% of all outstanding investment property principal.

Not quite sure if it would make sense to co-sign a loan just to have me on the home, where I can likely get a similar outcome (have the home upon their passing) if I buy it from them before they pass and/or have it gifted to me. 

Please also verify the accuracy of this information at the time you are considering these options as guidelines change.price Decorating allowancesRepair allowancesMoving costsNote—a dollar for dollar sales price reduction is also required for - Excess rent credit and gift funds not meeting FHA requirements Contributions exceeding the actual cost of prepaid expenses, discount points and other financing concessions Credit Requirements Required is 600.

I have always had a gift, despite total social ineptness, to be able to see when it is time for a trend to take hold.

Derek, The standard fee in my area is $199 but I have never paid it because we bought most of our REO through the listing agent and since they are getting double commission, it has always been waived.The last contract I close through my agent, it was included in my HUD statement at closing but my agent gave me a check for the same amount back at close including a $50 gift card for Lowes.

I know you have the touch and gift of gab....lol

A friend said he is going to gift me 10-20k for this.

"yesterday is history, tomorrow is a mystery, today is a gift that's why they call it present" :) (I hope i am following the proper guidelines, if not i apologize, i have never done this before.)

After spending two decades in advertising, public relations and corporate communications (agencies and in-house for clients in more than 100 industiries), I taught middle school gifted students for 10 years, and am now pursuing a long-time dream: being a REALTOR (Coldwell Banker) and real estate investor.Formal education: --B.

I also notice that they have a referral program where the person who refers someone else (me) gets $30 Amazon gift card -- and I would save $50.