(Details below)Property is selling for $150k, 50-60k in repairs, ARV of $250k (conservatively).

They had it priced below market, and I was licensed.

Rents were below market by about 20%.

We put the townhouse on the market the Sunday before Thanksgiving, had showings that week and accepted deal on Fri at 5pm for 1.5% below our asking. 

Unless pricing is odd, below a 680 score FHA will be the better deal, and above a 680 score Conventional will be better one. 

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There are exceptions to every rule, but that is going to filter out a lot of the credit unions you talk to. 

But when it comes to them selling their own properties, do you think that they would be in favor of price controls that would allow someone else to purchase their property below market values so that they would collect less for their home? 

Purchase price: $49,500 Cash invested: $63,000 Buying multi family buildings below market value for the highest ROI while still providing quality to my low income tenants.

This would be especially true for properties with opportunity to add value - renovation potential, below market rents, vacancy issues, etc.