I just do not see how it would.Short sale prices can be negotiated, but banks tend to be harder to negotiate with when they are taking a loss.

The bank's first counter offer was terrible!

- Do you have $20,000 in the bank between the two of you?

Pick a single business bank account and start running all your income through that account. c) >24 months, Fannie opens up (typically) once that 2nd year of tax returns is filed and processed by the IRS.If you do a or b with the plan to refinance once you hit c, make sure there is no early payoff penalty.

Anthony,Banks don't like to do HELOC on a non owner occupied property.

In terms of loan packages, I know there are banks giving 10% down, with no PMI.

Local Bank How did you add value to the deal?

I am in search of my first deal and I am looking to borrow money from the bank of Mom and Dad for the down payment.

Also, bank on those taxes, sewer bill, and water bill going up substantially every year in the city; City Hall sees landlords as little ATMs for them to pillage.

Sorry upfront for being blunt...But, if someone will lend money to someone else with no experience or track record at rates near or below a bank it's 99.9999% a scam.