To get a deal, the developer needs to hook up with a non-profit hosuing agency, PHAs are prime targets to partner with, the proposal goes to the state level and comes back to go for approaval by the loacal PHAs, to show that a need exists and the city council, county commission must sign off as well.

As a property manager for 40 years, the biggest mistake is thinking that being a "landlord" is easy....that purchasing the RE is the hard part and that the rest is downhill.Newbies who go to Staples or Office Depot, get a generic lease, put a sign in the yard and get blinded by the CASH flashed at them by the applicants who smell the "new landlord" on them.....and then they don't see any more money for 4 to 6 months.

I have a signed letter from my mortgage broker stating that the loan was denied because of "insufficient income".

We are even willing to sign a contract to make it legal if that is what it takes.

(on the good side we sign an offer for our first duplex today.

There was a clause in the contract that stated if I was unable to get financing, the deal is scrapped and I will get my earnest money back.But the seller of the house still has not signed for the release of my earnest money.

The sellers agent claims that I should have known I would not qualify for the loan which is completely untrue.But the sellers agent and sellers of the house still has not signed for the release of my earnest money.

Last resort, put a FOR SALE sign in the yard.

I do not want to sign my life away but yet do not have enough equity to offer them.

If you are wiling to sign on the dotted line you better know what you are getting into.