Happy to pay reasonable rates, which would be discussed separately.

In a phone call discussing my long term goal of scaling a real estate portfolio, the lender (specifically, the mortgage originator to whom I have been connected with by the credit union) stated that he never recommends FHA loans.

One thing to add to this discussion: We have a net of highly affluent people (over $200K) moving in, and poorer folks (under $50K) moving out.

You can discuss the policy but do not bring Dem/Rep/Trump/Biden/Conserv/Lib/Red/Blue into this conversation.

@Xiaowei LiGood discussion here.

So I'm wondering is there a way to have the former tenant lock the property up for a price lower than the $70k his friend is asking (say the $55k being discussed), and then work out a deal with the rehabber to fix the property up to his liking and once the rehabber is ready to sell my former tenant can buy it and maybe give his friend the remaining money he's asking for? 

In discussing with one lender, he said it needs to be the "borrower" that supplies the cash at closing or that I could form an LLC or corporation partnering with the one funding the deal and then the LLC or Corporation would be purchasing the property and be on the loan. 

I am currently in contract for my first investment property and want to discuss my options.Thank you in advance.

If you want to discuss CRE in Palm Coast area I'm game!  

If there is a healthy discussion, the post may still have value.