A partnership, HMLs, maybe you wanted it initially as a buy and hold but as circumstances change, you could buy and flip it.

Shane, yes you're right, but it depends as well, as to how your state looks at the issue in certian circumstances.

If you sign a contract promising to disclose information, it may be fraud if you don't disclose -- but that's true under any circumstance, not just short sales and dealing with banks.

You need to know in advance whether your lender will fund something in this condition, and under what circumstances.

That attorney may be thinking or know that the property is not owner occupied, being owned by an LLC for example, under those circumstances you may be required to have a mortgage originator (or attorney) draft and originate the loan..Much has been written here on the subject of notes and seller financing, search and you'll get lots of info.

It sounds like with your circumstances, a listing agent is needed, especially if you are moving and it hasn't sold yet where same model, worse locations actually have sold.

I don't invest for negative cash low under any circumstances.

:You also do not need any more EMD than a normal FHA buyer would offer on a retail purchase.In many circumstances, this is not true.

I've rehabbed a few like this, and there are ALWAYS unforeseen hiccups and repairs.

Try James B Nutter they are a non traditional loan and will work with people with your type of circumstances.