we do have a program for the DIYer.  

@Emilio BasaFor a conventional loan you're income is going to qualify of your Schedule E.So you could be cash flowing but depending on how you do your taxes you could be showing a loss.  

It's through the HomePath / Home Buying program thru Fannie Mae.

So it is not a fee.Oral agreement does carry some weight in Texas, so I regularly emphasis to people I come to contact that nothing is firm unless it is written and agreed to.  

I am currently almost two years into an investing education program with Rich Dad Education.  

If your offer isn't enough to cover what  they owe on it, personally I would pass, because they would be taking a loss and I'm not sure  how they would go about paying off the remaining balance to their lender.

So without really seeing a flyer of what you are trying to do and the numbers involved I would not know which program or lender might be best for your situation.Some lender stay in major metro's, others go further out.

In some areas there are incentives for creating affordable housing and even special voucher programs for housing vets.

It took us years of researching, studying, taking losses, learning tactics and building relationships with neighbors & police in certain areas.

As soon as you close get an insurance policy to protect you in case of a loss.