Think about the odds of that for moment.Secondly, you'd need a listing agent asleep at the wheel that's going to let you tie the property up hoping to find that buyer mentioned above, and not realize that you have neither the ability nor the intention to actually buy the property yourself.

Even cash deals can go south because of restrictions on the money or better opportunities while under contract.Most POF letters from lenders provide contact info for further questions.  

Well the emails do seem odd.

However, there is an odd caveat - if you sell the property while the loan is in place OR within one year of paying off the loan, your IRA will be subject to capital gains tax on any profits.  

As awesome as 203k loans look to me, I am wary of what they actually imply or how they restrict you.

If they don't like it, they can keep you from it, ask what the minimum sq ft is for a residential lot, then, if in a subdivision you'll have setback lines front, rear and sides as Darlena hinted at, along with any plat restriction and covenants, conditions and restrictions if applicable.

Odd, they didn't come out to post in this thread.

I'm not.discouraged because as  @BrandonTurner states it's a "funnel," the more deals I analyze and make offers, I put the odds in my favor!

The more you do, the better the odds you will pick up business.

If so you might be able to get the lender to drop or reduce the minimum value per house if you offer to increase the restrictions on partial releases of lien if they are offering flexible terms on the releases.Are you going to need all of the value from all of the homes to get the loan?