Mortgage guy originally qualified us with a homepath loan but called us yesterday and tells us that the program has been cancelled by the government and that they will no longer be doing homepath or homepath renovation loans.

Kentucky is an interesting area. 80% of state in rural parts are either on drugs, welfare, or some form of government assistance/disability god bless em lol.Then in areas like Louisville we got "The First 48" van rolling around town daily filming bodies in chalk for our tv viewing pleasure.What areas or rent markets have you found successful in Kentucky?

The government set these mechanisms up for the benefit of that person so they won't have to take care of you.  

Will banks continue to lend with multiple government backed loans?  

Government will never say no no no you dont owe us money.

Because so many investors have entered the shadow banking industry seeking yield, competition has increased to a point where interest rates have been pushed down from an average rate of 15% down to 10%.Borrowers from shadow banks are companies in industries like real estate or steel where the government is seeing “overinvestment,” and likewise where state-owned banks have slowed lending or stopped lending altogether.

I really need to research the numbers and check to see what local governments have in mind for infrastructure.

He mentions one of the rooms had been a kid's room, so it was apparently a house he formerly lived in.While we currently have two Section 8 tenants, the program is pure socialism and the government is massively in debt (over $50,000 per citizen!)

If you can't find a website, then you need to do some calling and possibly drive to one of the local government buildings to get the correct info.Zillow = terrible source of RE information

It also is governed by the property...if the occupancy is unstable and you forecast negative cash flow during stabilization, you'd want to set aside a larger reserve.