There are conventional loan products where you can qualify to purchase a home with owner-occupied rates IF you are buying the home for your parents.  

See http://bundlr.com/b/lease-options-ncIf your exit is to get a home owner prospect financed into a FHA product, before they move in, have a registered mortgage loan originator look at the 1003 app and give their opinion of the potential of getting a mortgageI strongly suggest some kind of credit improvement coaching service, I recommend www.upgrademycredit.comYou must be diligent if you wish to have  a program that helps people buy homes right now-The house has to appraise-The tenant buyer has to get Bank qualified-Having a tenant pay a five year lease isnt a bad idea either :)- Easy credit is dead, so for operators that want to help people get home loans that lease  and purchase down the road I think is a great idea

Very productive first couple days!

Our product and model for pricing heavily relies on Comps.

I really think the prior buyers were attempting to use an FHA type product or they were using a large national bank.

Thanks Doug, I have been checking around the forums and it's been productive.

My company does quite a bit of work on the Oregon coast, but we are a little further south (I, of course, would be more than happy to talk to you about interior finish products that we can deliver - but have one of your more local contractors install - ie. flooring, tile and cabinets -being the good sales woman that I am :) .

All lenders have different criteria for different types of loan products and different types of borrowers.

Just be careful what you ask your broker and realize that he/she probably gets paid more to sell you crappier products that might benefit the company more than you. 

I remember government cheese and powdered milk.