The terms aren't even close to a traditional mortage but for flipping it would be OK. 70% LTV amortized over 20 years with full balloon payment after 5 years.

Originally posted by @Christian Carson:If I recall correctly, VA waives the occupancy period (1 year?

Realtors are your best source of business but they want to get paid just like everyone else, they deal with owners everyday that don't want to pay commissions, don't want to short sale and want a better investment.Also Realtors deal with buyers who don't currently qualify for traditional financing and they are walking away from these potential opportunities.Our company LeaseOwn Homes charge a minimum 5k or 3% of the purchase price for the option fee upfront and we pay realtors up to 50% of that depending if they bring the buyer or seller or both.Also we charge 2% per year as the balance of our option fee paid at time of purchase of the property and give the realtor 25% or 50% see above.This motivates realtors to work with you and by taking care of realtors they will give you warm leads and will help you close them.Again a win-win.

Going through a traditional lending institution is not a good choice since it will take atleast 30 days to get an approval.

After this fiasco with a landlord, and the fact that our family has grown over the years, we dont want to rent, but at the same time we cant qualify for traditional financing either.

Usually those that are active in community events are more likely to offer recommendations, plus they know more people than you can imagine, which only broadens the reach of your marketing.I hope that helps and maybe gives you some ideas on how to get out of the traditional "newsletter marketing cycles" as I call them.Adam 

The point is there are other "non-traditional" options that you can use.Again, rectify up your personal finances and you will be in a much better position.

And that is a problem, if your goal is investment as it is traditionally defined, rather than a job operating a rental housing concern.I have a modest little house that rents for $1200 in my newest lease.  

Note investing definitely takes a little bit more savvy than traditional investing, but if you are willing to put in the time and educate yourself on it, the returns can be great.

With Homesearch, and most other auction co.s, the property is Not available to buy through the MLS, traditionally.