Only comes into play when you're acting as a buyer on a short sale, or some REO's, and trying to also collect the buyer agent commission.

Hoping your collective genius can help me out. 

They are only going to try to sell you on going to a more extensive seminar and they use the guru's name to get you there and many think that "guru" will be in attendance when in fact they are not, they are just using their name. 

I have extensive experience with Corporate and LLC formations. 

If I paid to apply and got the letter you wrote in response, I'd think you took my application knowing full well that the unit was likely taken, but wanted to collect my application fee anyways.If you're refunding the fee you probably have more flexibility.

Form 3 (or more) LLC’s to avoid having all assets being subject to getting sued. 1 – An LLC as the buy and hold holding company, 2 – An LLC for flips, 3 – An LLC as the operating company (heads into contracts, collects rents, etc.).

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.

I have also seen how the guy lived , I ride by his house weekly , you notice his yard , not for how nice it looks , but for the collection of "stuff".

I brought a breakdown of the costs that I would incur taking on the property and the extensive work it will need to be able to be sold at market value. 

You can find the FHA guidelines online, which are actually fairly extensive.