. §§ 250.511b) oFunds held for more than 2 years and funds over $100 must be deposited in an escrow account federally or state-regulated institution.oThe landlord must notify the tenants in writing the name and address of the banking institution in which such deposits are held, and the amount of such deposits.Nonrefundable Fees: No StatuteApplication Fees: No Statute.

Most of the institutions I am aware of will only fund about 80% of the sales price on an investment property, so if you found a house you could buy for $100k you'd have to have $20k down plus your closing costs. 

Needless to say I have never used him again for anything - he is also an agent.I however, went with a different appraiser for everything else I have done and had much much better results and a much better relationship as well as more conversation with the second individual.Bottom line is that, it may pay for you to have a second appraisal done on the property by another person and since the information you get from your request of an appraisal is privy only to you and your financing institution then you would be able to use the second more favorable eval to support your deal.

In my distress, I responded to a radio commercial for a Wade Cook Stock Market Institute Trading seminar in 1999 and began my long dive into the world of making money outside of a "job". 

@John Morgano In addition the income requirements, excellent (or whatever that is called) 720+ some institutions are going to want 12 months of reserves on mortgages 5-10.  

You can always consult various financial institutions afterword, they'll alway be there waiting to give you money if it's profitable and deemed safe enough.

If the property is going through foreclosure I would first begin talking to the landlord to see how much information he is willing to share and if so where is the financial institution at in the process of the foreclosure.  

Everything from granny apartments, smaller lot sizes, front porches, light rail, retrofitting closed malls, and building high rise, mid rise and townhouses next to office buildings, retail and institutional uses.The urbanization of suburbia - or the decline of the McMansion!

I generally bucket all my expenses into the following: Payroll (Note: payroll made more sense on the institutional deals I used to work on.  

First, find a California attorney well versed in private lending transactions, not just a good real estate attorney, and not an attorney who has represented institutional lenders in conventional residential closings.