Any other tips on how to buy a house that will rent well and be a smart bet?

On the day this property came on the market, I received a phone call from one of the bankers with a thumbs up on a construction loan for $85k as a second home property for six months, at which time it would roll over/refinance into an investment loan.

Unless he/she bought it 30+ years ago, I'd bet your research is flawed

@Scott Wink what your saying could be her best bet if they will allow her to do this.

@Ronnie SparrowI have run into this before you DON't need realtors involved at all, but you have another big issue to fight.If they are using financing, the bank will not be OK with the double close (not under contract with the owner on file) or an assignment fee on the HUD (obvious reasons).Now, you can attempt to do something on a handshake outside of escrow, but thats at your own risk, and i would still draw up docs.Best bet is to close on the property and immediately put it under contract after closing with your end buyer.

Here, we have to provide our financial portfolio and have to refinance every 3 years i believe.

Hopefully by the time I attempt to refinance to pull out equity from this property the data will be a little more accurate.

I bet too it will be temporary, guessing.

. $100 wager to anyone interested that says HUD doesn't do anything, other than maybe prohibiting him from buying HUD homes in the future.I won't take this bet because, as far as I know, their policy against first time HUD OO violations isn't widely enforced.

@Joe Gore,All bets are off if you have already been sued, that's what I was talking about by court orders.