one couple came and their 4 year old had ductape around the front of his shoes holding them together. they did not get the house..when i see the parent telling the kids "stop it" and the kid stops... that's a good sign.

Again, you can see the diversification you can achieve through Ali's post, linked above.Sorry - I realized my last post lacked specifics and I thought this might be more helpful.

I'll make sure to run some numbers to see the most advantageous option.

Thus if a reciept is missing at the end of the week when we process all "finance" we can look it up online, see the signature and project name as well, very helpful.

Troy broke some easy numbers for you and Michael kept it at the 30,000 foot to see the big picture.

Now, having said that, banks will want to see the 2 most recent months (6 months for FNMA) of bank statements and two months of pay stubs, along with a financial statement and 2 years tax returns.

The first, not a lead in any shape or form, but the second call was much more interesting, though only promising at best.I am looking at the property tomorrow, although I suspect, based mostly on instinct, that this will not be a deal.It's definitely nice to see the knowledge I have gathered here at Bigger Pockets, and elsewhere, turn into being one step closer to my goal.

I see the terms Owner Occupied (OO) and Non Owner Occupied (NOO) used so often on BP to distinguish loan purpose I felt I had to say something.It's my understanding, and correct me if I'm wrong, that a business purpose loan has nothing to do with occupancy.

Daniel H. somewhere you should be able to see the breakdown of your past pymts which will show the principal you paid.

Since I'm showing the house to other prospects anyway, I just tell them to come and see the house anyway, bad credit or not.But hey, someone's going to cave in and rent to her.It makes me sad the prospects around here are just awful.Maybe I'll find better candidates in May or June.High schools and colleges should really make it mandatory for students to take a course on money management.