I also agree that it seems logical that you must know your market and value in particular.

There is some logic to this law change because most people under the prior rules didn't recognize a taxable gain because they rolled it over into another residence," says Trinz.

Someone please correct me if my logic is seriously flawed here.

Logic would have us believe the following two ideas are not the same:Asset 1UPB: $100BPO: $50Price: $25 (25% UPB / 50% BPO)Asset 2UPB: $50BPO: $100Price: $12.5 (25% UPB / 12.5% BPO)Asset 2 sale likely never happens at that level.

Anna wanted to buy a $170K property for $20K because the guy bought it for $8K ("...my information comes from the County Recorder and there's no flaws coming from there...") but revealed later the purchase was in 1980 and the owner has (allegedly) not performed deferred maintenance.Anna would create the crisis by notifying code enforcement that would make seller accept her offer with the logic "would he rather take the $20,000 - $40,000 cash offer or deal with Code Enforcement and all the fee violations and or including losing out on the property all together?"

However, if you can make the money out perform the cost in PMI/MIP then it would seem that may be a logical opition to puruse.

This should make the process much easier and logical for me, with a better chance of being approved.

Totally rehabbed, rented, appreciating, a ton of equity ... a logical selling point.

At the end of the day you can use emotional decisions or factual and logical/financing methods to determine if you should sell or not because it involves all of the above.

We can likely pull in rent for around $875-950 a month from the other unit.Our logic.