Hey Team Bakersfield, I'm buying FSBO home from a friend who is an extremely low risk seller and its been challenging finding an agency who will execute a transaction without forking an extra $2k on an owner title policy.

It's not really a gift as your MIL expects and intends to receive the money back.Generally, a clean way to structure it would be you and your wife execute a promissory note with your MIL. 

@Mark Leclair I think we were posting at the same time, but from reading your last post I would definitely fix it up as you live there if you have the funds and are comfortable doing the work yourself and/or are comfortable managing the project. 203k really only makes sense numbers wise if you are buying a property that is otherwise not financiable and you do not have the means or knowledge to execute.

If so, he may have an executed Lease.

It sounds like this buyer has a properly executed sales contract the Seller is trying to back out of improperly. 

After 4 loans I will likely have to change plans but I would still like to go along with a BRRRR strategy.I currently do not have the money to purchase a home at the moment so I plan to continuously learn over the next year about real estate and my market so I am as prepared to execute my plan as possible.

I am a 34 year old executive assistant for a small scientific instrument company in Boston.

You can wholesale an REO as long as you execute the contract in a LLC entity and then assign 100% of your interest and memebership of the LLC to your cash buyer.

@Shaun WeekesI am a wholesale account executive and I noticed your response to a borrower asking about Non-Qm.

Lenders don't want to execute mortgages on low value properties; that's always going to be an issue.