I would like to obtain an FHA loan to purchase a duplex to house hack, but I'm unsure whether or not I should go through an intermediary between the lender and myself.

He's entertaining the idea of a bank holding 1st lien and 80%, then he would take 10% and 2nd position.

I also mentioned that the listing agent said cash only and inquired if that meant that we literally have to have cash or of they would entertain financed offers without a "finance contingency" meaning we would forfeit earnest money if financing fell through.

I know the good side and bad sides of my areas just need to focus more on the schools and entertainment.

And recently obtained my Real Estate license.

IOTH, you can obtain a quick claim deed for the amount owing, then the equity may be available to you, to do this you must be working with the borrower.Stale notes and lost borrowers can have unique problems.

,It is very common in Florida, that the garage has been converted into a bedroom.It that is the case, make sure that a permit was obtained for the work.Also check to see if there are any "open permits."

I just take a more business like approach, IMO, that being taking on any partner is pretty much like taking on an employee, they need to carry thier own water, I'm not paying for something that is not beneficial and I'm not paying more than they are really worth or more than I can obtain from other sources.

I would be happy to entertain any questions from anyone on this topic, as it is my sole business focus, and education is a big part of what I do.

I would think this information would be public information and therefore free to obtain.