Ask your lender for his latest drug test.

A quite neighborhood at 12:00 noon might be a rowdy neighborhood with obvious drug traffic after dark.You say 2-3 streets away is mostly occupied.

@Dion Depaoli - well we would hit them for their rent obligation where they are living however my scenario to my head UW was assuming Jason is living rent free with a relative or parents whether that is true or not its just a hypothetical.With respect to your scenario above if a borrower is to purchase a NOO property we're able to use 75% of gross rents to "offset," the debt service PITIA payment.If the income using this formula is positive its added to income if the net is negative its considered a monthly obligation and added as a liability to qualify for in the DTI.Fannie Selling guide is public you can find it on page 347 of 1319 where it talks about the treatment of income or loss when dealing with rental property.

(Tax elections and treatment, however, are more complicated and even I consult with an accountant on these.)I think from a big picture perspective, it's difficult to find a really "good" RE attorney for small SFR investing.

So, if you have a duplex where each unit has exactly the same square footage, and you live in one and rent the other out, then 50% would qualify for the 121 Exclusion and 50% would qualify for 1031 Exchange treatment.

Or, two, the property is held for rental or investment or use in a business and they qualify for 1031 Exchange treatment.

Further, much of the crime problems can be linked to illegal immigrants and drug cartels.

One gets "preferred" treatment (a pet) vs the one in the protected class does not.I only say that because Bill had conceded that he would allow them a pet after the fact so he obviously doesn't have a hard and fast rule against pets.

I have never heard treatment costing even a tenth that much.Feedback and help to solve this for less money appreciated.

The podcast was #29: http://www.biggerpockets.com/renewsblog/2013/08/01/bp-podcast-029-peer-to-peer-fix-hold-dawn/ @Yang Xiao It was 174500, 3080 sq ft, rent ready with window treatments, towel holders, and landscaping.