If you're in a market like Detroit, with a continuously declining population, then regardless of how cheaply you buy the house, it may still be a loser (because you can't keep it rented).Mike

Since these are the primary goals of HUD, the Department believes that Section 203(k) is an important program and we intend to continue to strongly support the program and the lenders that participate in it.Many lenders have successfully used the Section 203(k) program in partnership with state and local housing agencies and nonprofit organizations to rehabilitate properties.

And your 'education' will be continuing!

Welcome to BiggerPockets.I hope that we can continue to be helpful to you in your quest to become a successful real estate investor!

As the sub prime crisis continues, there are an increasingly large number of Americans who are facing this situation.Loss mitigation is a method through which one can stop the foreclosure of their home.

I have been priced out year after year as my savings were continually not enough for a down payment on an ever increasing home.

I want to buy this property and continue a split that is already in progress.

You have the owner deed their property to you and you continue to make their payments every month.

So, if you want to get them onto leases, you could notify them the month-to-month tenancy is being terminated effective some date, and at the same time offer them a lease to continue in the same place.

I'm not really sure that my flip activity could be called continuous and regular.