An owner called me who is 6 months behind on payments and looking at foreclosure.The home would be worth about $130,000 after about $20-25k in fix up.  

I believe if you purchase your house as if it's an investment property (purchase it according to market rent) It doesn't really matter if the price drops, you could be under water if the market crashes but your payments will be the same if the loan term is fixed.

I'm going to give my LO some time, but if they don't produce it, I'm going to talk with my attorney.Thankfully I'm using equity from another property that I own F&C to satisfy the 25% down payment requirement.

All have tenants with a total of $2635 per month income, this will go down with resumed tax and insurance payments.

The loan officer stated they could use my property as collateral instead of a down-payment. 

With bundled payments coming, SLP caseload will likely be cut in half, maybe more.

Most tenants have the belief landlords do not take collections seriously, rightly so, and will not peruse them for payment. 

Behind on payments and they need cash quick? 

What are the monthly payments on the mortgage?

You'll find that many often require substantial fees in addition to your monthly payment in order to finance projects outside of their normal scope.