They do follow very strict guidelines.

At that point she did not have the money to follow through with the eviction, and here we are now about 14 months behind on mortgage payments, the bank foreclosing, and tenants still in the property!

Now days, if you're looking in the 300k range, unless you're a disabled Vet, that freakin crushing 3+ points in VA Funding Fee for a "multi - user" borrower, which gets stacked/ financed on top of the loan, that you also pay interest on too, is not always the best way to go.I just started following the Military Investors on BP as prior I haven't ventured out of the Florida Real Estate Q&A forum on BP. 

Hello Biggerpockets followers. 

I do have to say that I've never done a deal like this before but I have experience working with syndications on large apartment deals that are structured following SEC's Reg D guidelines.

You can be professional and cordial, but still firm and following the law. 

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I will follow up with those banks and with you.

Please see the following for more on this and here is the particular section that covers the mandatory 20% federal tax.https://www.irs.gov/retirement-plans/plan-particip...

Following the inspection, due to some unforeseen problems I have counter-offered the asking price.