@Andy Welmers - This is a local issue, so hopefully someone from Ottawa will see this thread.

We'll need to do something if we ever want to sell because we may run into the same issue these owners are with financing a property with a mobile home-as buyers we couldn't get financing so they were limited in who they could sell to. 

So when sellers state that they don't want to tell you details about their property they want to sell (ie, the mortgage balance), and they just want an offer.....what do you tell them? People don't buy a restaurant wi...

Here is the rundown:http://www.homebuyinginstitute.com/news/hud-issues-fha-flipping-rules-626/

Lot of my fund issues would be resolved if I were allowed to do cash out refinance!

Ishaan Misra , I have considered buying "out of my back yard," but my issue is that I really like being involved with my investments and being able to touch see and feel them etc.

The issues I have come across are:1) Finding a MFH in an area I can live (close to mine and gf's work) in order to qualify for an FHA loan has been pretty rough.

If you're having money issues, you might want to consider flipping a  few houses, before you  purchase another buy and hold.

And if you screen them yourself, do not neglect the important step of conducting a thorough rental history - not only evictions but look for a history of late pays and screen for three day notices issued by previous landlords. 

Small collections can be ok especially medical or student debt.If someone has had a major credit issue like bankruptcy or foreclosure just make sure there is a plausible story.