Thats why BP is so great.  

From my perspective just in general patch of land is focused on RE and has built up some knowledge of the RE sector where as far as I know Lending up is much more broad and focused on lending in general.

. $40k will not get you very far in las vegas or any place west. here in buffalo, we have a good market. the prices stay pretty level for the most part. the killer is the taxes. then again, we have the winter issues too. not only does it get very cold which makes it hard to work on a place, but we have winter about 6 months out of the year.....lol. as far as your credit, pick up a part time job in a field that you have been in before. then, the job is a lateral move, not starting a new job in which you would have to wait 2 years before you could get a loan. second, take $1000 of that $40k and put it into a bank. after a month, go get a $1000 signature loan from that same bank, using the $1000 you have in the bank as collateral. state that it is a short term loan that you intend on paying back in 6 months. then, take that borrowed $1000 and go to another bank and deposit it. after a month, borrow another $1000 from the second bank, again using the deposited $1000 as collateral. continue this with as many banks as you can. when the first note comes due, use borrowed money to pay it off and continue as such with each bank. what you are doing is establishing credit with these banks and soon you will be able to go into any one of those banks and borrow money because you have good credit with them. 

As far as I can tell this is an unfortunate mistake made by whatever software they are using to scrape the data.

There is a foreclosure listing here locally that was previously used as a care home.It's over 3,000 sqft, has 4 bathrooms, 10 bedrooms, and can easily be converted into a huge beautiful house or Bed and Breakfast.I believe the price is so low and so far untouched (no offers) Because of its' previous use as a care home, so I'm unsure whether I can benefit from the low price on this because if no one wants it, then no one wants it.I'm curious what you guys think about this, would you ever invest in an ex-care home?

As far as the person helping them out, I planned for that too.

Depending on you exact situation, your payment could go down.As far as I know there is no tax implication for taking money out of your house in a re-fi, it is your equity, you are just unlocking it with a mortgage & the bank is collecting the interest for providing that service.I don't think I would pay down the rental, if it is making money the great, leave that one alone.  

I even agreed to split the assignment fee 50% with him ($2,250 each), and told him that I would also go as far as making a professional video to get the property occupied and good to go within 30 days.After seeing he wouldn't get much cash up front, the seller said he "really needs to SELL IT so he can buy a new place in Dallas using the cash".I see PLENTY of potential here.

It is so much better now then when I lived there. 

I decided to go with conventional financing for the same reasons you laid out, however I would ask why the FHA interest rate is so much less than conventional.