Will banks typically accept these credits as valid?

@Gary Kurtz you ask a very valid question.It comes down to time, money & choices.Can you buy property with an agent to acquire property off the MLS that cash flows & you are happy with the result, is that acceptable or even possible?

Valid points Michael.

There is a property I am curious about on there but it says "Buyer will receive a Special Warranty Deed (SWD) or equivalent"I understand SWD basically the seller is only giving warranty of the title for the period of ownership, in this case it's a bank and they didn't take possession until July of 2013 after they claimed it back after the county auction.

If the tenant has a valid lease you MUST honor it.

Bill Gulley "A sheriff's deed doesn't grant warranty as the chain of rights and title conveyed were broken.

After you buy your first FNMA property, check "has" to the question 'Purchaser (has/has not) previously purchased a Fannie Mae owned property' in section 16 (Representations and Warranties) of the FNMA Real Estate Purchase Addendum.

Since I have been in the business a while (can't remember how long the lender wanted) they count rent (as income) for properties owned less than 2 years with a valid lease.It really varies with lenders.

Yes, but you can close in escrow, take the money from the sale, you provide a warranty deed, the closer pays off the lender they send a deed of release, you don't need transactional funding!

I believe it is either a Quitclaim or Limited Warranty Deed but I just wanted to confirm.