I find it strange that no one has if it's allowed, but if you are first to market, you are essentially the guinea pig.

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

For me, it has to be a data-driven decision: what is your current NOI, what would be if you replaced the boiler, how much will it cost, and how long will it take to get your money back...If the area and marketing don't warrant central air, I would NOT do conensors right away and just focus on the forced air.

And yes it sure isn't what it seems, especially in this market.

We’d love to collaborate further and share more ideas as you develop your vision.

My son is hinking about getting it so I am trying to do some market research.Thank you

The property's strong market demand made it an ideal candidate for a profitable fix-and-flip project.

You need to develop a subject matter expertise and treat this like the hands on business that it is. 

I've also loved learning about the other 10 markets we operate in.I have two big goals.

Rich Ng That's good to know, I know people who have had issues in Salem with big differences between market and section 8.