Hello @Asson Denis!  

@Amy Martinyou cannot deny someone for being unmarried.

There are proven benefits and I think it is insane that we deny people marijuana in a case like this, yet doctors prescribe highly addictive pain killers like they are selling popcorn at a movie theater.

It could cashflow if I added a bedroom in the basement.I'm a fairly conservative investor: a minimum of 20% COC, 2% rule, with a good buy and/or multiple exit strategies.I actually discovered BiggerPockets because I ran into issues purchasing my first two condos - I could not get the bank to finance the second condo because there was too many rentals within he complex. 1) Condo (1/1) - purchased w/ 5% down as an owner occupied property (one of my best properties)2) Condo (2/2) - got denied so I got creative and used the checks that credit cards sent you (25k) from three different cards, begged friends, and had about 15k in my bank.

After trying 2 conventional rehab loans that were denied due to high debt/income ratio, I am now trying to get private lenders from people I know.

our loan is for 153,000, payment with tax, pmi, and home insurance is 1115/month. 30 year 3.5% fixed rate  Our additional debt is 1700/month with my student loans, small credit card debt  and our cars, we are a nervous wreck and worried about denial because of my student loans, we have pleanty in the bank for downpayment plus additional payments, (seller is paying closing) would they submit our stuff if they felt it would be denied?

The governing documents (bylaws) which, the management company is claiming is why it was denied, state:Limited LiabilityThe association shall not be liable for any failure of water supply or other services to be obtain by the association or paid for as a common expense or for injury or damage to person or  property caused by elements or resulting from electricity, water, snow or ice which may leak or flow from any portion of the Common Elements.... it goes on

Pretty much anything the seller comes back with will be denied though, lets see where they are on the pain meter.  

Its not to say it has not been a success, however, I do not think it has been excellent, their has to be more and better portfolio lenders that someone on BP can define.Please share your experiences and gain better insight into the deeper operations of the elders denied, by triangulating as much data and information the BO community has.

You can't be held responsible for what THEY decide to do.I wouldn't deny access to the house though.