Compensation may be allowed to borrowers who got skinned in sub-prime loansNew compliance requirements for lenders, in origination, modification, servicing, compensation, servicing and property retentionGee, I think that pretty much covers it, besides the state requirements. 

Add some natural wood touches for warmth(basket, simple crate, candle sticks) and some bright green apples in bowl in the kitchen.

I don't really see that much of a risk especially since they have no "skin" in it - only their name on the note - when you add to that they're only having their name on the note for 2 years or less and theyre getting 7k for it I thought it sounded like a good deal - but maybe not thus why I posted.As for my getting an additional mortgage my DTI isn't good enough with my current job. 

There's always more than one way to skin a deal.

So naturally it's easier to damage just by rubbing up against it.

He is a scientist by nature and so is his companyHis company will be leasing the building (5yr) so all rent is coming from him.His 2nd will have a 4yr balloon so that he will be paid off before the lease runs out.I offered to use a loan servicing company so he is sure that the bank, then his 2nd, and then I, get paid. 

Most hard money lenders will offer rehab in fund control, they typically need the borrower to have 20-30% skin in the game however, if you can do this thats a great option.

The only heat source for the second floor apartment is a large free standing natural gas furnace that is 14 years old.

There are a number of ways to skin this cat.Lastly, If you are going to embark on the process of trying to generate income for your retirement doing flips, you may want to consult a licensed attorney, CPA or financial advisor who can walk you through this. 

(Naturally, this excludes appraisal fees, lender points, recording fees, taxes, etc...Another way to phrase, if I'm a cash buyer purchasing a REO, what "Title" expenses do I need to be prepared to pay?