It uses the term “non-refundable downpayment” and the broker required down payment paid prior to “putting it under contract.”The PSA states that I cannot assign the contract to someone else and that if I don’t meet the obligations of the contract, the downpayment will be released to the assignor. 

Now, I definitely think you should look at what's in demand in your particular market, but based purely on operational ease, I'm all for the little units.

Just starting up and would like some guidance/advice on marketing for motivated sellers in particularly foreclosures in the San Antonio, Tx area.

It's a pretty unorganized system right now that I'm not particularly happy with - would also like to hear what others use....

@Michael Hacker@Justin OwensDoes AZ Bank & Trust do HELOCs on non-primary residences?

It's just a matter of determining if that particular balance works for you. 

I live in Atl and I'm struggling to find many lenders that offer FHA 203(k) loans, non streamline.

The benefit is that its cheap, and it provideds all of the tax delinquent properties in LA COUNTY but its non specific and doesnt show any specific criteria im looking for (2-4 years delinquent with some equity, SFR).

If using a lender this is a non issue.

Which means the bank could call the loan due immediately, without all the lengthy non-sense required to foreclose, if the property is transferred to you.Second, you need to know, directly from the bank how much it would take to bring the loan current and avoid the short sell.