At best if you financially qualify for a conventional loan from a traditional lender,you can get an FHA loan with 3.5 percent down if you live in it with the tenants.You will need a good job and good credit with sufficient income to qualify for that loan.Otherwise,you're looking at hard money loans with 20%or 30% down and several points upfront and a higher interest rate around 7% for a minimum of two years before you can refinance to prove you can manage the loans and make payments without problems.That's how professional investors do it normally.

Moreover, it may qualify for historic tax credits and Ogden City may have some money for you.It's definitely the long play with a lot of if's.

My partner and I had the downpayment and good enough credit to have qualified for a conventional loan if the deal would have gone through.Also I randomly found it on the MLS.What is your opinions on my way of handling offer and my numbers?  

Do you think you will qualify for a conventional loan for this?

Turnkey provider offering a comprehensive in-house service is certainly an excellent qualifier, this offers maximum accountability.  

I'm curious if anyone knows if i'll be able to qualify for an FHA.

In both cases, lenders must qualify to become designated GSE lenders by demonstrating financial strength, underwriting expertise, loan servicing experience, and capacity to generate and handle meaningful loan origination volume.

I kicked the price up about $40 a month, and still had multiple qualified applicants.

Otherwise the Code Enforcement in Sammamish is a good place to call.But the first thing to realize is that Infrared technology requires new and different training and certification, and you have to make sure the Inspector was qualified to give you this sort of report.

If you cannot get a sufficient appraisal or qualify for the re-fi, you would be foreclosed on...the seller may ever insert that you would quit claim the property back...there are a lot of moving parts on this...