Perhaps you are referring to the listing Realtor and not someone who you hired to help you find a home.The problem from a conventional financing standpoint is that you have multiple residences on one legal description which makes this a multi-family property beyond the "normal" 1-4 unit residences acceptable to conventional lenders. 2)What is typically done to avoid making a down-payment and/or paying closing costs.If you are asking specific to this property, there probably is no 100% financing option available so you may have to pass on this one.Generally speaking there are many programs for little or no down-payment and you should be talking to a mortgage lender about what you can afford and qualify for prior to looking at homes.As for closing costs, you may qualify for city or county down-payment assistance programs (which are more typically used for closing costs instead of down-payment).

jlabelle,first of all, i love posts like this - people always jumping the gun trying to "correct" everyone else.bank certified appraisers or appraisers who do appraisals for banks...is that a better description????

I would suffice to say, if you call yourself a bird dog or referral specialist or jobber or wholesaler, and that is what you actually do by the aforementioned descriptions, you are still operating within the spirit of the law and what it was intended to be and should not have legal problems.

I made a template with; address, legal description, date of acquisition and capital cost.

I visited some realtors and gave them a typed description of the type of properties I am interested in (i.e. vacant; distressed owners; 3bdr; SFH, the areas etc.).

I had a listing from yesterday of a house, a block over, and the description seems quite similar, except no pool, and a bit smaller.

What has been hinted at is the following:Listed for 3 months ($24k)Seller mentioned being willing to drop to $18K; 'Partner' wants to counter with $10k.Possible Description (Not Confirmed):3 Beds & 2 BathsCarport, 2 Sheds, & 2 DecksSunroom & Fireplace in living roomRented for $334 + Electric(This is low for non-MH properties in the area [~$750], but I'm not sure if it is normal to be that much lower)Motivated SellerI would like to know, if this property is in decent shape, whether or not it would represent an intelligent investment.

Merry Non Descript Holiday!

This is a description of the website if you haven't heard of it:OverviewListingbook, LLC, based in Greensboro, N.C., provides an online technology platform and patented client management system that allows real estate agents to provide their buyers and sellers the industry's best search experience, including real-time MLS data and public records, the ability to view their customers' search activities and collaborate with them online, and to easily and automatically provide other information and tools to help clients find the perfect home or market their property.Listingbook has 70 MLS clients and is available to 60 percent of agents nationwide.

You described 99% of Realtors in your description.