Also mention county resources will be strained as a result of tenant displacement.  

The amount of $ thrown into economy has been ridiculous and very easy for investors to get loans - let’s see what happens now that banks have tightened lending, home prices start to fall and rents finally go stagnant.

@David Ingram that's not required by all lenders (in fact, I've never had a lender ask for this), but it might be required of some lenders...and it's possible more lenders are requiring it these days, since many are tightening their underwriting requirements.  ..whether or not lenders require it may also depend on the borrower's overall financial picture and DTI (I'd suggest asking your mortgage broker whether they require this of all borrowers, or just in certain circumstances).Also keep in mind that not all lenders/mortgage brokers are the same--if you go around to multiple mortgage brokers, they may give you different qualification amounts, different terms, different underwriting requirements, etc.

Obviously we'll all have less than perfect bookings from time to time, but you need to tighten up so that bad guests are rare.....

With the economy in rough shape and everything costing more than usual, it wouldn't surprise me to see people tightening the purse strings and sitting tight for a while to see how this shakes out.  

Lending guidelines are tightening with the anticipated recession.

Happy Weekend everyone,How do all you DIYers and handy folk and husbands learn how to do all this stuff? I've taken some basic classes in a variety of things just aimed at homeowners doing some repairs and home projec...

I had one lined up last summer, and then their terms changed, which made me ineligible because the property's ARV will be about $220,000, and not the $250,000 that they now require.I know that lending is tightening up across the board, but perhaps someone on this forum knows of a firm I can use to get this project done. 

@Carlin RandolphMost lenders have really tightened the belt and do not want borrower taking a second from seller or anyone else.

The people here are very helpful, so don't feel bad about asking questions.Be careful about quitting your job too early, especially with lenders tightening restrictions.