There aren't too many of them, as the process is complicated and most brokers don't want to deal with it, but they're out there.I was under the impression that Homepath now requires 15% down for investors (10% for OO), but a broker should be able to tell you for certain.A good broker should be able to answer you other questions as well...

Without such agreements either party can complicate the claims process and application of funds.

Either they use the wrong sources for determining ARVs or they want way too much in fees.Good job on finding a seller and working a contract, if you dont close the deal or make any money you still gain experience you wont get from any book, seminar or forum.Sellers can be motivated to the max but if there is no equity it has to be creative/complicated.

This is not all that complicated to figure out he has income problems.

I guess there is a kind of an entitlement amongst Realtors working with investors on the selling side of things combined with new technology that makes representation kind of unnecessary.

By selling now, it would lift much unnecessary stress by paying off bills or just simply have extra cash for those rainy days.

Photographs are unnecessary.

I knew this question would be a complicated answer, and it really helps to hear everyone's points of view.

@Pascale Jean  real estate Is not that complicated.. start with getting a RE license go work for a good commercial broker or retail broker.. earn while you learn.. wholesaling is very tough with about a 97% failure rate.. also what is buy and hold going to do for you say your lucky enough to buy 1 or 2  and they make 200 a month that's a whopping 400 a month.. most need some sort of career and make money usually in their day job then invest. 

The amount is under the restriction but the loan is a FHA so it complicates the matter.