Anyone that tells you otherwise is selling something to you whether or not such a grant might exist.

I am looking for something with existing tenants, but had a couple questions  1.

Our market has become saturated with investors and the national gurus having been coming here doing their seminars non-stop for the past year or two making the situation worse as many, many more wannabes enter the market.

Generally, for existing businesses, the down payment requirement is only 10% but you must occupy at least 51% of the rental space to qualify. 

What happens if a buyer buys a house subject to the existing mortgage and then defaults on the loan while its still in the seller's name?

That and a bunch of other things I guess are why we have a waiting list of applicants - referrals from existing tenants calling us up asking if we have a property we can rent to them - not even caring what side of town it is.If you have a process that explains your criteria it's not hard to turn that into stage 1 of the screening phase whereby people unlikely to qualify are identified and dissuaded from applying. 

You won't like what you see.It's is a very rare to non-existent HML that will loan 100% without a prior relationship and extensive dealings with them.

Hello I have been listening to all the podcasts (in my car/office) but not said hello yet, i'm from Washington state, even heard Brandon in Poulsbo Wa (PODUNK WA) I have had a house under contract for some time now 6 years or so, when I paid the arrears I also took 6 months off to remodeled it , (never again, learned a ton though) I obtained it subject to existing mortgage, I sold it once Lease option, got it back, rented it out about three times, I repainted the inside (third time) last week put a FSBO sign in the yard and have sold it rent to own to a nice couple with $10,000 down and $140,000 sales price. ( I meet with them this Saturday) They have agreed to $1080 per month (I didn't say anything about interest rate but i think that is about 8%.

Imagine if 20-30% of the buying transactions disappeared, and that's a good picture of what life would be like in a stricter system in those countries that you mentioned.These subsidized loans happens largely because US social policy is mostly non-existent towards public housing or rent subsidies when compared to those other home-owning countries.

This is a great idea for the San Diego area in addition to the investment clubs that already exist.