It sounds like you are looking for a career and you need to have an education and then a position in an associated aspect that provides you exposure to development.

If they aren't FTHB, or otherwise can't swing FNMA HomeReady (income limits by census tract of the property, for example), and can't do 5% down conventional, and time is critical (because your HML rate is 15%, you need to recoup capital for the next deal, etc), find a different buyer.You aren't pressuring your buyer to take a crappy loan, for the record.

All aspects of legalities and processes would be greatly appreciated. 

They may happen often as a surprise (such as the 2007 and 2008 crash), he suggests, but they don’t come out of the blue: the most extreme risks (and gains) are what he calls “dragon kings” that almost always result from a visible drift toward a critical instability."  

Russel, agree on the net listing aspect.

It is so funny how I see the same two or three people commenting on others posts, and instead of giving them constructive criticism and building them up, they like to belittle them in front of everyone.

I have done all aspects of running them now I just need to get on the other side ;) thank you for replying I'm sorry I missed it

I been seeing alot of people criticize people but yet charge thousands of dollars for helpIf someone wants to invest out of state let them!

I could emphasize the vintage aspect with a bistro table, martini glasses and an "I like Ike" poster.

There's the whole aspect of following legal issues-doing things correctly,proper contracts to use, full disclosures- (will you let seller know you're assigning the deal?)