By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

Did you have taxable income that could’ve been reduced utilizing tax strategies?

Cost segregation utilizes the MACRS approach.

From experience with mechanical and utility issues in distressed properties, I would also wonder why the breakers were removed.

Since I was only filing on major things like underground utilities, fires, etc.

Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.

Need more information surrounding why your current lender is suggesting they cannot utilize the rental income on your investment property.

Also, be sure to check with the section 8 agency managing the tenants - sometimes if you pass on an additional cost like that they will no longer be eligible to live there if the rent and utilities exceed what they were approved for.

Start with a standard offer, and write a contingency into it for electricity, all the below ground utilities, and then work your way to zoning, permitting etc.

They were fine with my score (about 740), but have issue with the percentage of personal credit I am utilizing, so that discussion also petered out.Apparently, I have a lending profile right now, that is not attractive to mainstream lending programs.Any advice?