Fannie Mae discontinued HomePath Mortgage and HomePath Renovation Mortgage 2 years ago -- those financing products no longer exist.

This drives your profits AND risk up, as then tenant is responsible for all maintenance.If you buy from the owner MAKE SURE he/she/they assign the existing lease, rents and deposits to you as a condition of the sale.

In order to acquire this property, you would have to offer at least the balance on the existing mortgage.

I just never realized this entire community existed.  

Exception to this might be one-off stuff or things I was really picky about, or that I have existing relationships with good quality suppliers. 

Pricing for loans is often affected by the deposit relationship and other banking services being provided, and banks usually retain and service the loans they originate.

I recently read that 48% of people retain direct mail for future reference.Absolutely you should mail, and mail consistently.

Are you buying a property subject to the existing financing with seller financing for the balance of the equity due?

Would you keep the existing not tenants?

Existing rate/terms?