I do not think it is that simple, but I feel like I have a flexible seller and a good deal on my hands.

If you live hand to month working a minimum wage job, then come home and watch TV and play x-box, your live if unlikely to change.

If he really wants $10K in hand, though, set the price high enough to cover his side of the costs.Also consider the escrow account.

I have another (GMAC) that has a 90 day "hold", so the decision is out of my hands.

I don't want to unnecessarily offend the seller because I'm sure they can't accept that offer but on the other hand, it doesn't hurt to throw it out there...right?

I am not sure if this is a good rule of thumb, but i try to make sure that my mortgage loans do not exceed the cash i have in hand.

If not we will probably walk on this one but appreciate any input on a way to get 100k in hand.

However, I do not forsee a problem with that scenario as money is not changing hands and it is not becoming personal use property.

You are also correct,the more they spread the homes into the hands of smaller investors, the more it will mitigate mass movements in the market as each will have their own "plan".What is interesting in reading FHFA findings is that they are pushing for public/private money partnerships, no doubt making Uncle Sam the partial landlord in some grand socialist move.Though Carrington/OakTree just announced $415MM raised & dedicated toward the program.

You can always ask questions in the forums, but you can also use the search function in the upper right hand corner.