We are looking to sell a note an our regular attorney is not able to draft the paperwork for us.Thanks,Bob

HI Chris,Yeah the option would be to utilize a 203k FHA loan or a Fannie Mae Homestyle renovation loan the only down side is that the FHA 203k similar to a regular FHA loan has self sufficiency requirements on 3-4 unit properties so if you're in a area where rents are high relative to price then you could be good otherwise you might not be able to meet the rule and use 203k to finish off your repairs to the unit.The other downside is if you used home style reno loan is that you'll need 25% of loan to cost as a down payment (acquisition price + rehab).With the Home possible program the units have to atleast be habitable shape.

Track all of the expenses and income on your projects in report form that you can view regularly with other people you trust to help reducing your expenses and increase your income.  

if you are going to do just a regular FHA loan and you have good credit i would go to wells fargo they have some pretty good deals. 

Anita Gee I'm sure this happens on a regular basis, so don't feel bad.

I could get miitary friends to check on the property regularly but they couldn't be there for long stretches.

Tucson meetups come and go but often don't receive a lot of traction regarding regular attendees.

Fixing a leak or doing your regular day job is no different.

Why don't you think you can qualify for regular financing?

So they don't care if they pay a little extra for it as long as it's cheaper than buying a fully renovated house in the area.2) Other potential investors you are competing with especially some of the bigger ones I have sold to in the past have CASH and their own crews or ones that they use regularly and have a long standing relationship with and therefore can reno at a lower cost than the rest of us at fair market value.Sending your agent those figures is nice, but she doesn't care if you're going through listing agent.