She was never late, but the mortgage payment was high for her, so she has now done a modification using the FHA-HAMP program to lower the mortgage payment while she is ramping up income (having been a stay at home mom for the last 15 years).  

I decided to start wholesaling in September of last year and I wholesaled 3 properties in the course of 2 months.

@Tony H Truong go in the phone book and call every name with the last name of the owner and asked them do they know the owner.

The house is a multi family home built in 1900, 4 beds/2 baths, 4,000 sq ft lot, 1,500 sq ft, was last sold for $69,000 in 2003 and currently has an estimated value of $79k. 

Even if a conventional Fannie/freddie lender will not finance it, there are always portfolio lenders (who make their own decisions on a case-by-case basis), commercial loans (yes, they can be made on less than five units) and last but CERTAINLY not least, private individuals (a massively underutilized financing source, IMHO)I think your bigger issue might be insurance, rather than financing.  

My recollection is that if it is your primary home for 2 out of the last 5 years there is no capital gains tax on the increase in value up to a $250K profit for a single person or $500K for a married couple. 

After flipping several houses over the last 3.5 years, I am now wanting to get into rental property, so I bought a piece of property where I can build 7 new houses. 

- Last Indianapolis because of Salesforce.

There were four SFH on the next block to me, three were sold in the last 20 years, torn down and there's only one left.

I'd do $500.00 or full $900.00 as 450 deposit and 450 as 1/2 of last months rent..