All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

This quick flip highlighted our ability to identify and execute high-return opportunities efficiently.

@Crystal Mendoza if you have time and the ability to self-manage there are some tax advantages that you should include in this decision. 

Can be structured in a way that you retain maximum flexibility in ability to refinance, sell notes, or utilize as colterol for future endeavors etc etc.. 

Your exposure to risk varies based on your honesty, ability to document, and your location (e.g.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $66,000

Cash invested: $30,000

Sale price: $169,000

My First Flip!

How did you find this deal and how...

Yes, you get your benefit faster by improperly claiming this an expense, BUT besides it being technically incorrect it can affect your ability to get certain kinds of financing.

The numbers and the ability to participate in a highly underserved segment of the market with Sect 8 and Vouchers made sense.

You can also provide multiple invoices to show no dramatic drops in usage, which would indicate the heat was still on.If the landlord doesn't have a bill, that may indicate the utility was off.

You can do this out of state, but you have to have the right PM and very few have the ability and skill to manage challenging areas.