Should I then just type up a contract?

Hi @Joel Owens,If Class A is $2000/m and above and middle income is about $1300/m, what type of class property would be at that $1300-2000 range?

Looking at the Fannie Mae website, I found the following requirements:Cash-out refinance transactions must meet the following requirements: The transaction must be used to pay off existing mortgages by obtaining a new first mortgage secured by the same property or be a new mortgage on a property that does not have a mortgage lien against it.Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes).Note: Properties that were listed for sale must have been taken off the market on or before the disbursement date of the new mortgage loan.The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the following: There is no waiting period if the lender documents that the borrower acquired the property through an inheritance or was legally awarded the property (divorce, separation, or dissolution of a domestic partnership).

@Miles StanleyWhat type of property is it?  

It's always nice to have a buddy that you already know at those type of things. 

We decided to try different types of financing as everyones situation is unique.

I have leads on several properties that I think buy and hold investors would be interested in but I'm reluctant to make an offer without knowing whether it's a good deal and something this type of investor would be interested in.So what is it, exactly, that these types of investors in this area are looking for??

Im currently in the process of forming my business entity and I would like to begin networking with individuals who have used these types of funds for projects as well as assist me in obtaining them for myself.

What is the best way to go about finding those types of deals?

Its typically foreclosure that gets the borrower to reply, so we send a couple save your house type letters, while starting foreclosure in parallel.