If the pieces come together, I contact the administrator to see if the estate wants to sell the house.The process is more time-consuming than blanket marketing, but it produces more targeted leads.

Can you help organize the thought process?

They're all systems and processes though good at communication.

Below is what you need to know that underwriting and programs guidelines don't tell you when considering a 223(f) apartment loan.AdvantagesHighest LTV in the marketEliminate refinance and interest rate risk with fixed rate terms up to 35 yearsLow fixed rates based on GNMA securitiesNon-recourse and assumable - makes for a great exit strategy especially in a rising rate environmentNo defined financial capacity requirementsNo geographic restrictionsNo minimum population requirementsSupplemental financing availableDisadvantagesLonger processing times - 120 days at a minimum (6-9 months is typical)Higher fees - HUD and FHA fees add to the overall cost of the loanMortgage Insurance Premiums (MIP) - Initial and annual premiumsAnnual audited operating statements requiredReplacement reserve escrows requiredHUD property inspections requiredOwner distribution restrictions and Cash out restrictions 2x a yearProperty condition is important to HUD, both during initial underwriting and over the life of the loan.

., The best way to think of this is as a two part process.  

Hello,I’m in the process of negotiating on a property.

I would then take the refi funds and then pay off the hard money loan and recoup the personal investment.How difficult is the refinance process?

First, I would check the actual reserves of the association, usually pretty easy to find out in the buying process (required resale cert etc).

Hard money lenders are plentiful, mist have competing rates and most all of them have similar processes and requirements of the borrower.As for private money, there are no "programs".

For example, why would any tenant go thru the entire process only to walk when your agent demanded cashiers check.