The city has had various programs to dispose of these proprieties over time, SCOPE, Project 5000, Receivership and Vacants to Value.

That being said, I always put them through my entire process, credit/background check through my program (don't trust others, too easy to fake with photoshop etc), 3 x rent, license, and than my 18 page lease .

If you were planning on partnership within a LLC, I would first write out LETTER OF INTENT where you both spell out what you want to accomplish and how- detail where the funds are coming from, who is doing what as well as what the percentages are loss or gain. 

There are a lot of NOO programs out there for REFI

The face value of it has gone down quite a bit the last year, but the dividend has added much of the losses back in.  

Thing to consider our...FHA fee is 1.85 %VA subsequent is 3.3% That is alot on 460k purchaseWhat I have to bring to the table is similar since VA is jumbo loan I will still need bring about 10k to the table since I need to guarantee the amount over 417k and with FHA I will need bring about 15k for down paymentsIf I use VA I have to refinance and see loss of $900 rental income.

Best of luck with your program.

Re Casa Finance is out of Columbus and has a solid program. 

Yes there is definitely a loss up front on the exchange rate (and getting worse) but there is then the upside on profits made in US dollars back to AU dollars :)CheersLindsay

Is this loan part of an FDIC loss share agreement?