I feel this is my weakest point of analyzing deals and would like to improve in this area.

If the investor is paying cash and can cure the deficiency and bring the loan out of foreclosure status obviously w/ room to do the deal like any other then would there be any problems from the lien holder?

The loan was quicken loans, and I feel their appraiser just dropped the ball, saw it was too difficult and moved on to the next one.

Having a pre-qualifying loan letter or proof of funds letters will help you be considered.  

It seems to me like an easy 3% ish percent equity gain or a way to reduce the loan a little and increase cash flow a bit for almost nothing, that's my thought any way.  

Is it possible to refinance an existing mortgage into a FHA 203k loan on an owner occupied property and if it's possible does the property need to be occupied for the 1 year minimum like a traditional FHA loan?

Given my limited capacity for a down payment and moderate income, buying a 2-4 unit property with an FHA loan and living in one of the units looks like by far the best path forward for me.

Hi Daniel, I would ask if they have completed a reserve study, when the last time was that they passed a special assessment and what it was for, if they have any upcoming capital improvement projects coming up, when the roofs were replaced, when the last time they painted (because if not in the past 8-10 years you may have a lot of leaks).  

,A VA insured loan is given to a veteran with a current loan entitlement.  

If I am buying and holding, why don't I just find a good realtor who can find properties that need some improvement and rent them out?