Don't know the rationale, other than they don't want to be making riskier and burdensome renovation loans to investors that already have a lot of leverage.That said, I don't see anything that prevents a regular Homepath mortgage (no renovation funds) from being a 5-10 mortgage.

The glue-down product requires that the subfloor have a low moisture content so that the adhesive holds.

To simply say manage is a broad scope of business but is also rather limiting as you may want to buy and immediatley sell a property sometime, that may not meet the scope of business to be conducted and thereby lose the benifits of your LLC if something blows up in such a transaction.Just saying, I prefer to cover the bases specifically, buy, sell, trade, exchange, construct, repair, improve, demolish, develope, lease, sub-let and manage, borrow, advance or lend money and to do all other things necessary and/or related thereto as allowed by law.Doesn't mean you must do those things, just that if you do, it is within the scope of your regular business to be conducted.

Follows regular Fannie guidelines so you can certainly qualify as self-employed as long as you report enough income to qualify.Without any income verification you'd be looking at commercial financing or hard money.

Replacing it with a regular tub probably isn't practical.

The challenge is getting a painter to work in a very narrow window of opportunity - when you need him.The market tends to be very slow from Christmas until Feburary - ajust your holding time accordingly - this is great time to pickup up REO bargains.Many winter/spring REO's have frozen pipes which seem to scare away some investors and regular buyers.

Of more concern is the source of moisture.

I like the way it looks, but it requires a minimum moisture content in the air, which I don't have out here in the desert, so I've never installed it.I can't think of any reason a buyer would object to it, other than the obvious one that they have their heart set on red cherry floors (which is a problem with any and every flooring you use)I don't think bambeoo is any cheaper than other wood flooring, so you chose it because you like the way it looks.

They get people asking for assistance regularly and most will never do a deal so they are protective of their time.

It resists moisture but when moisture gets in it's tougher to get out thus creating a better environment to breed mold.