Perhaps you are referring to the listing Realtor and not someone who you hired to help you find a home.The problem from a conventional financing standpoint is that you have multiple residences on one legal description which makes this a multi-family property beyond the "normal" 1-4 unit residences acceptable to conventional lenders. 2)What is typically done to avoid making a down-payment and/or paying closing costs.If you are asking specific to this property, there probably is no 100% financing option available so you may have to pass on this one.Generally speaking there are many programs for little or no down-payment and you should be talking to a mortgage lender about what you can afford and qualify for prior to looking at homes.As for closing costs, you may qualify for city or county down-payment assistance programs (which are more typically used for closing costs instead of down-payment).

Are there programs available through the state or Federal Gov't that can be a starting point for someone who does not have a substantial amount of income or who might have poor credit???

He bought a big house to move into on the cheap, pulled the equity out at closing using a gift program, then gave the $$ to a holding company supposedly backed by real estate and hard money loans.

However, if you noticed in my last post, plumbing leaks are a bigger source than anything and those could happen on any home.

Also if anyone knows of great mentorship programs in the area, please share.

There are lots of creative financing programs these days.

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FANTASTIC program now availalbe for all your buyers.

I know some investors sneer at investor programs where everything is done for you--but this is a prime example of where it pays off.

Does anyone know of any firms (big or small) with internship programs, paid or unpaid?