will reach out to the IRS to see if they are going to redeem their lien or abandon it and, obtain the abaondonment documentation to clear title up.

The Mortgagee must determine the Net Self-Sufficiency Rental Income and obtain a completed form HUD-92561, Borrower’s Contract with Respect to Hotel and Transient Use, from the Borrower.

So would there be a way to utilize this amazing credit score of your grandparent with your already good business and model and experience, to parlay this into obtaining better loans or credit going forward to purchase more assets thereby increasing the success of your family and doing something great to remember your family member going forward. 

FHA will not insure a mortgage if FHA concludes that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be encumbered will be the only one owned using FHA mortgage insurance.

All may not have been obtained for the right price that would allow you to flip bUT deals areally closing.  

These will enable you to obtain personal references from others and meet potential lenders eye-to-eye.

If the community votes to restrict rentals then investors may sell but values may rise over the long haul as lending will be easier to obtain for owner occupant buyers (assuming a low about of fellow investors in the community).

Or simply find a partner who can obtain the loan and you split 50/50 with him/her in exchange for some sweat equity of your.

Good job jumping in, definitely a lot of work to be done on the rehab, but once you get tenants in it'll feel like a great accomplishment!

The closing cost can be obtained from a title company.