If you'll have a higher credit score after your debt is paid down, HomePossible will likely yield a better combination of rate + monthly mortgage insurance, and the appraisal process will likely be a lot easier to get through as opposed to FHA.  

Then all of their paper work they need , it really is a hassle, in some towns I wish I could make the process alot more streamlined.

We would like to purchase some land and build our home, we are looking for more information on that process.

We are in the process of setting up the club and it would be extremely helpful to know if there are any local investors interested.Thanks!

Denise - this also answers my question of obtaining your book and getting updates to the Alabama process.

We only show to people who have been completely qualified by our process, and that becomes a very small number.

In all reality he didn't know how to properly manage a property and the eviction process sounded too scary so he gave in and the tenants got a free ride for many months.

That way you would gain experience, be able to siphon off a portion of that person's good reputation when you are trying to attract investors yourself, and you will make money in the process rather than potentially losing it.Most successful syndicators are looking to systemitize their businesses, and would like to hire someone at a low cost to do the work they don't enjoy doing. 

I want to hear from others who have inherited tenants and their process of starting the relationship?

I, too, am in the process of gathering information and learning as I still don't know or understand much about RE investing, but I am excited to meet with people and excited to learn!