It is obviously not any kind of conventional financing with those interest rates nor is it the typical hard money loan on a single family ~5 points, 12-16% interest, and 6-12 month loan period.  

Stewart,22 have interpreted the language referencing procuring the injunction “prior to the effective date of termination of the contract” to mean that if the purchaser does not obtain an injunction prior to the period set forth in the cancellation notice, then the purchaser may not subsequently raise any defense to the cancellation, including a defense of waiver.

I bought a FNMA 4plex as my first owner-occupant property (in the 15-20 day "first look" period for owner occupants), and subsequently bought a FNMA 4plex that had been on the market for over 200 days.You can use HomePath or FHA financing for FNMA purchases.

Repayment are made to us via account transfer or any other means preferred by Both Parties(Lender and Borrower). 3.As stated above, Interest rate applicable to all Loans Is 0.6 % Per monthly and 7.2% per annually with 10 months grace period and all loans are unsecured with flexible terms and no prepayment penalty. 4.The Loan Is Transferred to the Borrower via a.Account swift transfer b.Courier delivery service/Bank certified Check c.Cash Pick Up.

I nearly purchased one, but back out in the due diligence period as I learned how poorly the others were being managed.I've seriously considered having a 4-plex built as well, but ultimately were uneasy with the risk of the buy, hire a builder, own the build process.  

We have since recovered, but it would have been a huge period there during which we probably couldn't sell.

Here is what I see:Original Loan Amount:  $29,000Unpaid Principal Balance (As of June 1)**:  $22,997.86Balloon Due At Maturity:  $9,676.17 (Off by -$1,857.22)IRR***:  24.81%**UPB - UPB assumes the period payments have been all made on time and applied properly.

Don't sell anything until the statutory period for abandonment has passed.  

Pretty Standard.Property Inspection Fees - When a property is delinquent for a period of time the Servicer will have agents inspect the property for negligence.  

But I don't blame you for walking away, if you didn't feel comfortable with the process now during your due diligence period, with the disclosures or how this "turn key" provider was able to answer your concerns if likely would taint the rest of your long relationship with this company.