I have several things (non-real estate) going on and will focus on this part later in Sept.

I'm curious what existing investors would have to say about this.

This would be my first effort, as a non-accredited investor, dipping my toes into real estate in a low risk way. 

It uses the term “non-refundable downpayment” and the broker required down payment paid prior to “putting it under contract.”The PSA states that I cannot assign the contract to someone else and that if I don’t meet the obligations of the contract, the downpayment will be released to the assignor. 

@Michael Hacker@Justin OwensDoes AZ Bank & Trust do HELOCs on non-primary residences?

The borrower must be able to show that his existing home is not big enough to accommodate the new family."

I live in Atl and I'm struggling to find many lenders that offer FHA 203(k) loans, non streamline.

The benefit is that its cheap, and it provideds all of the tax delinquent properties in LA COUNTY but its non specific and doesnt show any specific criteria im looking for (2-4 years delinquent with some equity, SFR).

If using a lender this is a non issue.

I was told that my DTI was too high for my Income because of existing debt on my home and one Investment property.