I must admit, I am not as familiar with the nuances of those types of loans, and the one or two people I talked to said they didn't have a loan product like that, so I moved on from the idea pretty quickly. 

I typically see a turn around play that costs around 15-20k per unit in this market, and with that money we can get a nice product that has pretty much everything done on it from the windows, roof, electrical some plumbing all the way to the kitchens and baths. 

Now a toilet clog or something of that nature would be more suitable.

I posted in the forum looking for book recommendations for improving business, productivity, communication, leadership, etc... what makes a successful investor a successful investor.

It naturally makes it less competitive.

Pros: Good location that balances work proximity with a good area with potential for natural appreciation.

Second, if you're ever in doubt about a loan like this, look to see if the contract includes "underwriting fees" or anything of that nature.

Not only this, but the sale of my home first gave me the cash position to purchase his home after so essentially NO MONEY OUT OF POCKET.While this was going on, I had to get creative with financing as my debt-to-income ratio wasn't going to work with a traditional Fannie Mae or Freddie Mac product.

@Dylan PetersenIt depends on what is the nature of the compensation... 

Since most banks /lenders may not be aware of this, how do we get this product?