They will tell you exactly what you qualify for, and how much you'll need to put down.If you find a foreclosure in MA for 50-80K, generally speaking you will not be able to get any kind of loan on that property because it will need so much work.

@Dan FisherActually, you may qualify for the Solo 401k.  

Have a mortgage broker pull your credit and let you know what kind of loans you can qualify for along with any credit repair needed.

Hopefully we will be able to get an extension.....I think that's our only saving grace.

Will I qualify for a loan?

In a profession where evictions are a fact of life, Roby handles difficult conditions with grace and efficiency.  

Sometimes investors list their 1-4 units with a commercial broker instead of on the MLS so this reduces the competition for those properties even thought hey still qualify for FHA financing.Best of Luck!

do not get carried away, play conservative on your first deal, leave some room for error.3) Find a qualified and experienced contractor, do not settle for cheapest, you want experience here, because their is a significant administrative burden not only paperwork, proper formatting, but also financial constraint on the contractor as these sometimes have $0 prepayment to contractor.

Really depends on what you're goals are, and if you qualify! 

They don't look at tax returns or debt to income ratio to qualify -- basically, good credit and whether the property is rentable/numbers make sense.Any thoughts, suggestions, criticisms would be greatly appreciated.TIA,Manuel