The county's revenue commission placed a $2,900 value on the structure, so I don't believe it was officially condemned.  

This property is officially the first part of our rental portfolio and brings in about $550 of pure cash flow each and every month!

However, until you have spoken to a loan official with preapproval documentation, you do not know how much (max) you can afford it.

Account Closed, if you don't have official applications yet, and prospects are asking what they can do to lock it down, I don't see any problem with asking them..."

If the 20 percent pass through is only offered to official entities then I would definitely be persuaded.Best of luck!

We have officially 4 houses in progress on site at one time.

It's probably up to the building official.

,The official rules in MI are the same as with NC.  

The official guideline from HUD about FHA financing is as follows:At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied.

That's an area I think is best for lead generation because it's not on the MLS and off-market allowing investors to access before anyone else does.Developing relationships with city officials is an option I am starting with going directly to code enforcement officers?