Instead, let me give you some highlights to the HomeStyle loan and see if it fits what you are looking for:The down payment is 15% of the After Repair Value of the home.You get your renovation bid, then give it to the appraiser, who the sees the work and bases the value on that.The rate is a little higher than a traditional mortgage but it's about 1/2 the rate of hard money. 

Lauderdale area who bought one for $700 and filled $51,000 worth of arguably legit repairs per the warranty on a home he was renovating anyway.  

I am hoping to at least get some money to repair the roof, although I probably do need a whole new roof. 

The frustration I have with most agents, even ones who work with investors, is that they have no clue how to estimate repair cost and they have no network of great subcontractors/locations to buy discounted materials.

So if you put 20% down, do most of the repairs but somehow fail to perform, they are the owners of the house and you are out everything.THis does NOT sound like a good deal to me.

I put $20,000 in repairs into the  property  and I rent it for a total of $1550 a month.  

Need some repairs done and looking for any good recommendations, thanks in advance!

We would like to move in, make the repairs while renting, and in a few months, reapply for a loan (with no rehab portion needed due to home in better shape) and finish this process we've started. 

He took a chance and he made out.Also there are credit repair companies out there that will help you dispute EVERYTHING on your credit report, making it look clean for a certain window of time, but then all that bad history comes back after the debts are affirmed.

I have lead inspection left at this point which may lead to a couple of repairs (hopefully small).I can not thank enough to the BP community.