Maybe we could have coffee sometime and talk...

I could be a little high since this does not seem to be an all bills paid property

It is the law, especially with HUD and a felony to pretend to be an owner occupant when you are not.

Most likely the daughter is not giving you the whole story, and finding and approaching the brothers would be an exercise in futility.

Buying with PM and then refinancing later could be an option but you need to know exactly why the property can't be financed with conventional financing now and what, if anything, can be done to make it qualify for conventional financing later and then evaluate.If I am not understanding the situation please clarify.

That may not be an accurate memory, but I wanted to be sure I asked everyone here before I finalize the loan terms.Hope that makes sense and sorry for the confusion.

Let me know if you ever want to grab a coffee and talk shop.

If so, and you are planning to assign the contract, will there be an additional expense to involve the buyers attorney, and if so, wouldn't it leave a "bad taste" with the one you originally put the low EMD in escrow with?  

Her quote was "No woman wants her first home to be an apartment...)

Although your marketing certainly does have the potential to be a fairly deceiving, so long as your investors actually understand the risk profile of their highly leveraged purchases, it may not be an out-and-out scam.If I'm right.Relevant articles:http://www.businessinsider.com/national-realty-the...http://www.businessinsider.com/national-realty-say...