i think you need to explore the idea of your client building his corporate depth. as an individual he can only do so much. he might have to go to a hedge fund that works with a top ten bank and uses thier funds to set up a wide variety of programs that they as a fund service.

An upside to your fears about extra wear and tear, the whole subsidized housing program is such a great deal I would "think" tenants would be cautious not to ruin the place and risk the chance of getting banned from Section 8.I plan to get started in RE, buy, fix, rent.

I got a call from someone a few days ago on a Saturday who say’s he is from the EMC Work Out Program and they need a $300 admin fee paid via western union in Texas.

This belongs in the landlord area, but it is important to point out that good long term renters can save you thousands in repair/fix issues.For someone starting out in a cash-out refi program, do as much of the work on your own, to see what the actual costs are.

They have some intresting loan programs that I was looking at.

Section 8 programs are locally administered, federally funded programs and the implementation is different from place to place.

The only thing you can't control are the cap rates in the area.

I need a realtor who is familiar w/ first time home buyer programs.

Michel,[Disclosure: I feel that many guru programs and services can be offered at much lower costs and experts are preying on naive "students" who are desperate for success]I have to be consistent in pointing out a counterintuitive aspect of your proposal.

you are controlling the property now. dont record your deed at the courthouse, just try and sell the house now or rent it and quietly assume her loan.