you should have already talked to a bank about financing, so get in contact with them and get them started, then the inspector-both of those need to happen ASAP as you have a set amount of time to remove the conditions.

Nothing good happens for the Bank or the seller when a foreclosure happens in this situation when instead the seller could getmore time in the house , not have a foreclosure on the Credit, and get some money from the bank, etc and Investors can make HUGE profits being the buyer. 

It's been 2 years and I got a place to live out of it.However, the bank is now trying to foreclose again (was on hold due to original borrower's (previous owner's) military protections).The borrowers are unresponsive.I'd like to arrange a short sale but the bank/servicer (Rushmore) is telling me I'm not a successor of interest and that they need the borrowers signature for any short sale.

Traditional banks and agents often didn’t have solutions for them, and that’s where I realized I could step in.By creating flexible, legal, and ethical deals, I found I could h How did you find this deal and how did you negotiate it?

I'd probably say it is whether or not the bank has an appetite for real estate investing.

Something noteworthy: a low credit applicant who doesn't cash flow much money in a bank account won't qualify, with good reason. 

Conventional local bank financing with 20% down.

In  addition, any costs incurred before the property was placed into service (hard and soft costs) should be capitalized and the cost recovered over time. as for holding a bank account, separately for capex, it may be overkill.

A bank gives you a 75% LTV refinance ($165k).

Stessa imports the data from the bank account, and it allows me to tag/categorize and add notes about what something was.