It's okay James but I too thought some of this information was a bit inaccurate (I first started by getting info from a third party and investigated), but found out if you ask (life is just a play on words so to speak) you will get the answers you are looking for.For instance I too read the part about the section 203(k) being only for owner-occupants and was a bit skeptical when told that this was not true cause I had read it on HUD.

http://hamptonroads.com/2008/02/titus-touch-fbi-investigating-popular-lawyer-and-asset-protection-guru

Hey everyone, I want to weigh the cost and advantages of building a new 2-flat vs. gutting an older one, but am having trouble finding decent information online for area home builders specializing in affordable 2-flat...

My investigation into second mortgage rates has yielded a range of 8 - 15%, but I have few (6) data points at this time.

Called bank on "abandoned" property but they havn't taken action for 3 years and probably won't becuase the county will get the property and the bank will be out at least 150k, so they have no real incentive to move on this at the moment.What I have done:1) HOA won't help at all, and had no advice.2) Low Income housing authority says they are looking into it, but no action so far and apparently the owner has to sell or sign the property back over to them for anything to really happen.3) Health department and Code Compliance department are "investigating" but no real action either.4) Called bank/servicing company, but they havn't done anything as they have no incentive and it would take 90 days to evict people anyway.5) Called police on the fights and they have come, but they are still there.6) Got the owners number and talked to him when he showed up one day (driving his lexus).

Shed - I always encourage buyer to investigate themselves.

After investigating this activity and being told to leave it alone, I decided I was not comfortable signing the financial statements.

We are interested in rental properties but I'm just starting to investigate the area to see if money can be made there.

I might investigate other properties in that area since I'm starting to understand that rental market.  

I'm investigating some local banks and credit union options per some suggestions of friends but thought why not ask the collective intelligence here at BP??