Their true intentions come out eventually.Be sure to read through the rules of the forums here.

For the sake of clarity, I have ABSOLUTELY no intentions of throwing away the remains and also have no problem storing them until I can find a resolution to this problem.  

And Ned is correct, the loan must be non-recourse.Also, if your intention is to flip the property - this is likely to be considered an active business and therefore Unrelated Business Income Tax would apply.There are handful of banks specializing in non-recourse loans, you can PM me for the list.

or are you talking about fixing and flipping to those looking for rentals. ( IE a boutique turn key provider).there is a huge difference in the mid west or cash flow markets when it comes to fix and flip retail... if your priced out and think your going to move west to find those cheap properties that are usually rentals and then fix and flip them.. that in most instances won't happen.. the amount of properties that sell to homeowners these days below 100k is pretty small.. the vast majority of these are bought by investors for rental purposes.Of course there is exceptions. but generally what I see and fund are fix and flip retail at the 120 to 200k end price... and much higher  like Texas we focus on buys in the 150 to 200k range and exits at 300 to 500  same with charleston SC and Portland were I am pretty active... rehabbing from afar as a civilian  IE someone who is not really versed at it is one of the riskier things you can do.. there is so much that can go wrong. even with the best intentions.   

Not to mention calling into question their intentions and knowledge about the same.  

But I have no intention of buying the house, just want to house hack for short term, have control over the property and find a buyer and sell it for a small profit later on. 

Does anyone have an example of a letter of intent where a commercial building is being condo'd into smaller sections?

(repairs needed, fixer upper, etc)I then email that list to my VA.She goes though the list and calculates my offer by simply reducing the list price by 40%.She then emails the listing agent the offer using my "letter of intent" at a 40% discount.The agents email the counters back to us and then the fun starts.Now is the success rate high with this tactic...heck no.

Always remember that there isn't ANY insurance that covers intentional damage done by tenants.

I have intentionally set a limit for myself of two property purchases per year for five In year 1, I only bought 1 property, so in theory I’m behind, I didn’t meet my goal and some may even say I failed.