Late to the discussion here, but we developed a pretty attractive alternative to the traditional "force-placed" coverage with the American Association of Private Lenders (http://aaplonline.com/).

Smaller ducting is not an efficient alternative but it worked enough to sell the place with sep utilities.

Then you have to make a decision if that works for you or you need an alternative.

What would be some good alternatives of this doesn't sound like a deal?

In the alternative we would offer you $3,000 per lot if you wanted to quick claim them to NT Properties which represents the net NT Properties would receive in the sale to DR Horton.

The alternative is for them to add me to their credit cards, and for them to open up a bank account jointly with me.

I don't think any other type of home has any obligation to.An alternative to pulling out is to adjust the offer price, so you can have some leeway to cover repairs from your own pocket and have a lower down/monthly payment...Perhaps even from a 203k repair loan.4) If I decide to make an offer on as-is property, and the inspection uncovers some issues, can I back out and get my initial deposit?

I will be looking at this one next week as an alternative consideration and/or comparison.

Will Barnard, Thanks, and everyone else that have suggested other alternatives to make it work.

Please correct me if I'm wrong, but if I'm right, I think one of the issues in your perspective might be that you're treating property investing as a substitute for work or other standardised income streams - I think it's more realistic to think of it as either a savings scenario, where you try to get the best return rates possible at the minimum possible risk, or alternatively, as supplementary income to an existing stream.Living off your investments completely normally means you either have a very large and lucrative portfolio (which, indeed, takes years to build), or that you've somehow turned it into a full time business, such as being a realtor, buyers agent, fixer/flipper, builder/developer etc - but that's a whole different yarn that should be correctly titled "running a realty related business" as opposed to "investing in real estate".Again, if any of my assumptions are wrong, please correct me.