Thank you @Raul Pelcastre @Roger Pokorny @Josie Roman and NA Beard, are there actually certain requirements for a property to fit into a certain "class" or is it more just by feel about the property as a whole?  

All you need to know is that the Fed's target rate is vastly important to the global financial system, and it has far-reaching effects on all manner of interest rates.

Any thoughts on the effects of this program in the Indy market?  

You will have to vet the market, and the neighborhood, to see if it fits your strategy should you choose to go turnkey.

Surface mold can often be effectively cleaned off non-porous surfaces.

If the FED does what is says and slowly moves rates, this will have little to no effect on the mortgage industry, at least for the near term.  

I would like to provide insight on how to effectively birddog when getting started and facing similiar challenges.Here's an example of some of the topics:What is birddoggingWhy choose birddoggingHow can birddogging help me get started as an investorWhat do you need to start birddogging (Contracts, Closings, Negotiations)What are the steps you need to take in order to get started and be successfulMarketing TechniquesNetworking Techniques (How to find a Mentor)Goal SettingPlease let me know if there is a topic a Newbie have to know that I may have overlooked.

The devil is always in the details....In short, Portfolio Lenders can be a useful tool for long term investors where the Community Banks/Institutional banks are not the best "fit" for your long term Portfolio.  

As I was signing documents, I asked for clarification, and my realtor said something to the effect that they had gotten around this via my downpayment deposits held by my realtor. 

He talks about how important it is for entrepreneurs to have the feedback from profit and loss to effectively and efficiently allocate their efforts and resources.