None of the damage was reported to me.

Taking $1,100 off the income I would be paying approx $700 in housing expenses which I think is a good number living in DFW.View report*This link comes directly from our calculators, based on information input by the member who posted.

If there's an FHA loan involved for the end buyer, it doesn't matter how the investor paid for the house.  

If you are not selecting them because of credit reasons you must formally notify them in writing of the reason and also the credit reporting agency that you used. 

Alcohol and drugs involved too of course.

The only upfront cost that some lenders have is Appraisal and to pull the credit report. 

I would not enter into something like this lightly though because it gets lawyers involved, can be subjective in a court of law, and can be very expensive but if he tries to foreclose later if you are not able to refinance it may be a last resort. 

A lot of variables involved with you, your market in your area, do you have another job other than just real estate etc etc etc.

I'd prefer to avoid putting the property under contract myself and doing an assignment, since there's already a Wholesaler involved.

We were going to do traditional financing, but the HOA reported that 92% of units are rentals, thus making it a non-warrantable condo, hence our predicament.We have a couple financing options lined up.