Some banks do not offer all the loan products that FannieMae allows. 

I also do not have a good productive use of my not-so-motivated-seller leads.

Make sure that the company you go with does not have a static product.  

I have accounted for this in my above analysis (typically a production style house can be built for $60 PSF). 2.

You are just buying the assets of the business and not the liabilities.Having said that Cold Stone is  a seasonal product of ice cream.

Provide them over-the-top paperwork on your projects...with many diagrams, extensive product info, contractor drawings, warranty info.

Aaron,Knowing your product well will enable you to "sound" as though you have experience, to an extent.

@Jay Hinrichs  I knew it sounded too good to be be true, and was more likely exaggeration and lack of sophisticated understanding on my part, but reading the responses has been helpful.

I honestly see no benefit other than higher higher DTI limits if you needed them--up to 55 percent with strong compensating factors; otherwise, same guidelines as conventional loans except paying an interest rate premium for the Homepath product.

If your goal to to set up a production style operation where you do multiple properties you will want to hire a good GC as it will cost you more in lost revenue than the money you save by not paying a GC.