Vanguard Diehards Have had this to say;The first step is to fix the massive problems the country faces - like the broken banking system.A SWF big enough to fund a nation's obligations would essentially involve buying foreign countries.

But is that taboo since you are essentially training your future competition?

As for getting the money to invest, I would suggest working more to generate extra income; cutting out non-essential spending; and selling "stuff" to get some cash with which to start.You are doing FANTASTIC!

Essentially, you're just camped out in the basement.Try calling around and seeing if you can find a lender who will do this refi.

You're essentially structuring this as a over 100% financing.

If they can't get a loan, and the repairs are really essential, they may have a much larger assessment.

I realize its essentially a lifetime commitment, since there's no real resale market for these.

They can be harder to rent and have a higher vacancy rate and maintenance cost.They also tend to be very management intensive so you need to do it yourself or be willing to sort through the haystack to find the needle.Quality management is absolutely essential to be successful with these types of properties.You either need to know your investment area like the back of your hand or find someone else who does, stay out of war zones and cherry pick the others street by street and block by block.Don't purchase to many to fast.Stick your toe in first and check the waters before you jump in with both feet.

Do involve your Loan Broker from Day 1, as his experience will be essential in helping you structure a financially feasible deal in line with the market.

But if this is a higher priced home (150k + or near the median of the market or a little above but no more than say 250k unless you live in cali or somewhere else high priced), you may be ok.Also, this 17k does not include whatever the needed repairs that will probably be needed since he has essentially abandoned this home as of now.