A while back I had a young woman make an offer on a forclosure in Tampa. She was very qualified. Excellent credit, great work history, plenty of monies for down payment and closing costs. Nothing wrong. And this was a conventional loan. But, unfortunately the condo complex had too many delinquent association fees, and too many rentals. The loan was turned down. The complex was high risk. The complex was approved by FHA. But, my buyer did not want to go that route.
I 'll remember this lesson.