My skin surrounds my brain and its ability to work through scenarios that benefit me AND the house seller.  

This will save you energy wondering about your DIT, etc. and allow you to move into the buying stage with a comfort level on your ability to get financing plus strengthen your offer with the strongest possible pre-approval.If  you would like to talk further message me.Regards,Tod Novak

If you look decent on paper, and have the ability to show your past deals than it could work.   

Scott)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Need answers to Rick's questions.Any loan will be based on your ability to pay, the cash flow from non-owner occupied properties or 5+ unit properties.

In either case you and your partner will be the responsible parties on the loans.You will have to wait for 6 month seasoning to get a new appraisal and get the loans based on that.Your ability to get either of these loans will depend on your experience, your personal credit worthiness and financials, property cash flow and your rate of acquisition.

Most sellers would not have the ability to report to a credit bureau, so it probably wouldn't have any effect. 

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

If I were him, I wouldn't return your escrow deposit either, since you entered into the contract with no ability to execute it. 

or a good way of going about contacting the home owner and seeing if there is a way to buy directly from them or resolve whatever issue is causing the foreclosure ( be it behind on payments or behind on taxes) in a manner that gives me rights to their property/ the ability to rent it out and somehow pay them a fair amount that avoids foreclosure .. technically making us BOTH owners of the property.. how can i legally get my name on the deed along with them by buying in and avoiding the foreclosure..