I would say my intention is to foreclose as quickly as possible and get it into the hands of a competent investor to renovate it.Their goal is to see the property gets back into productive use as quickly as possible.

I also try to not put on carpet; I like tile and wood for floor products with regard to rentals 

@Tyler Goulden A 203k loan is an FHA product, so I'm not sure if you'd be able to use a 203k and a regular FHA loan.

Either product should be able to fill your needs listed.If anyone has experience with Zoho, I'd love to hear it. 

In addition with myself and selling my personal product I get into the home buyers lender info.. there are certain lenders I simply will not allow my properties to be tied up with ....

Just throwing this out there...Another way to go is with a revolving credit type product.

I am excited to now bring my expertise in real estate and property management to Houston.Although I have a true passion for real estate my career started in video production.

As long as you are purchasing property that you intend to hold for productive use in business, trade or investment as replacement for other investment property the type of property and the seller do not  matter.  

Spend most of your time on income productive things.  

You can drastically increase your margin by selling a finished product.