to my knowledge, and from what I have had explicitly told to me by those who have done this, the payments are processed by computers and minimum wage people, neither of which pays attention to where and whom the payment is coming from.

There are so many really knowledgeable and successful people here on BP.

Find a good broker who is knowledgeable about the FHA guidelines and works with a lot of different banks; often, it's the regional and more local banks who are willing to do the under-90 day flip financing.In terms of larger banks, some Wells Fargo loan originators can get this done and some Flagstar underwriters will do it as well.

Been soaking up a lot of knowledge over the last 6+ months and I feel ready to get my feet wet with investing.I have been in contact with a few REO realtors in my area but nothing so far in the area where I want to invest.

So many apps that I had no knowledge about...

Thanks for the info everyone, we'll definately be spending the next few months reading and obtaining as much knowledge as possible before buying our first property.

I just wanted to get more opinions from people knowledgeable about things.

We try to stay away from discussing the note business because we have no experience in it and don't have the knowledge of that aspect to talk with any legitimacy.

Armed with that knowledge, you could make a better informed decision.

If PM's truly took the "heat" off the owners, then you'd see THAT heralded as Reason #1 for using a PM.As far as Elio's original post regarding S-Corp and personal loans, I hold no opinion and will defer to others more knowledgable in that regard as the topic is quite outside the realm of my own experience.We now return you to our regularly scheduled programming.