In a pricier area, or if you’re banking on a perfect scenario, that cheap credit can suddenly get very expensive.I’m curious... if you went down this route, what kind of safety nets or alternative strategies would you have in place in case that perfect timeline doesn’t pan out?

We have been hosting a real estate investor meetup for about 3 years now and meet the 1st Saturday of each month.

Usually I win ... but he says he use to figure, 'I don't really like the deal but if the bank underwriters will go for it...

While I understand appreciation isn’t something I should necessarily bank on, but I am looking to hold for the long term and eventually relocate to the FL.

How would the bank even know the gross pay amount?

. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.

https://www.qcnews.com/news/investigations/unfinished-business-multiple-homeowners-claim-nc-builder-took-bank-draws-cash-and-left-their-homes-unfinished/?

HUD and Agency financing is another beast compared to conventional or non-bank lending (Secondary Market).

You can get a decent quality tub without breaking the bank and if you  layout the bathroom where the tub faucet is in the wall you can save some money because floor mounted tub fillers and their rough in are are expensive.

The home was a bank foreclosure from a reverse mortgage.