At my local REIA meeting, there was a sentiment from the more veteran players (particularly the mortgage brokers) that Fannie MAE/MAC will change mortgage allowance from 4 to 8 soon to help relief the number of foreclosures on the market.Does anyone else have the same sentiment or has heard similar from their REIA?

Here's a different angle -- invest in yourself.Acquire in-demand skills/education (the medical field comes to mind) and you will always have a good-paying job to fund your endeavors.Live frugally and bank every penny you can for a few years and suddenly you will be a real player, with other people approaching you with deals.You're young.

Much better than CD's, but not exactly stellar for a risky, high-hassle real estate deal.Both calculations are saying this is an OK, but not great, deal at the price you're wanting to pay.I don't doubt you can get financing below 6%, but I do doubt you can get it for 10% down.

Some of the players in the small balance world are Wells and Chase so see if there is one of those local to the property.

I would look for value add players w/lots of experience doing deals in strong markets and through various market cycles.  

It sure beats a CD

There is also an new player (Community Trust Company Ltd.) since I did my research a few years ago.As I mentioned in response to you in the other thread, I do not know if they also accommodate holding CCPC shares in a registered account, but I would suspect they would be more likely to do that than most of the bigger firms.     

Ask the clerk how they classify and index documents in their archives.In CA, you can buy the county recorder association manual or the CD, too.

I don't play in that space but I have talked with plenty of bigger players.

You can get houses that cheap here but in C/D neighborhoods.