At that point they had a choice:1) Renegotiate with the current homeowner to start paying the mortgage again (possibly at a reduced value because it was the mortgage was purchased at a discount).- OR -2) Wait for the homeowner to miss one payment and foreclose on the property, thereby buying something for a deep discount if you don't mind going through the courts to eventually own the property.Has anyone seen this type of negotiation/deal with lenders?

I am asking this because that reduces my future cash flow assumption considerably.Let me know your thoughtsThanks 

I'm trying to reduce taxes payable by my llc by having shareholders loans count as an interest deduction. 

If costs are high, how can I approach lender to reduce?

Hence, me utilizing this forum and being a proactive new member.  

Even if you are "losing" some money per month depending where you live,  your housing expenses are still reduced by tenant income.

., is that these homes are cheaper, reduce the need for architects, various contractors, and dramatically reduce building time. (10 weeks from start of fabrication to final completion on-site).

Hi @Varinder Kumar,Take whatever you are preapproved for using normal FHA, reduce that preapproved value by about 40%, tie it up in contract with a 60 day close for a purchase price at or below that reduced amount, and then go learn the nuances of 203k and decide if you want to do it or not during your inspection contingency period.

People rarely pass up free help and you proactively addressed his number 1 concern  which is if you don't work out, your are effectively "pre-fired".  

Track every income and expense you incur and/or are responsible for in report form and review them regularly with others you know and try to possibly reduce the expenses or increase income.In the beginning especially, always do this when you are looking at properties you are to buy, you do the math anaysis and try to look at the subject properties before you make an offer or at least have clause in the sales contract that allows you some time (usually 10 to 15 days) to make a detailed inspection of the subject property and possibly back out without a penalty that hurts you too bad.I found BP about 19 months ago while at home and medically recovering when I needed something that was more flexible than a typical 9 to 5 job and I was qualified for at 60.