I know this thread is old but the prices here in South FL are out of control, "wholesalers" are marketing properties 10-14% ARV and on top of that most of them market the same exact properties.

Are there any loan programs similar to homepath/fha etc. that are available?

A ton depends on the legal jargon of the contract and what controls are in place for default.

You can download the GA tenant guide free here as a .pdfhttp://www.dca.ga.gov/housing/HousingDevelopment/programs/LandlordTenantHandbook.aspThe way it generally works is you give them a 3 day notice to vacate and rent Is due.

Remember you don't have to own a property to control it.Good luckPaul

You then would have control over construction standards and the quality of the home built, and it would be excatly what you want.

Remember you don't have to own a property to control it.Good luckPaul

I've read about Lifestyles Unlimited and the reviews have been that it is a good program while others said it was very expensive.

Residential properties change, neighborhoods change, homes become dysfunctional, market changes can take values down as well as up.There are very few 100 year old homes in my area that remain desirable today.Commercial can suffer similar issues.Always have an exit, there are aspects beyond your control that can effect a property, the trick can be when to bail out before negative influences arrive.There are several trusts that can be beneficial in holding good properties long term, just make sure there is flexibility built in to dump a property and move on to something else. :)

If anyone has tried this or has created such a program, I would be interested in hearing more.