In response, she told me the only option I have is to find someone to take over my rent for me (though the lease would still be in my name), because their policy on lease cancellation is that it's allowed only if (a) you die (b) you're so ill you have to leave school (c) drafted into military service.At the time I didn't go into the details of WHY I dropped out of my program/am leaving, because I'm not sure it constitutes a severe enough illness, plus it's just personal and I felt embarrassed discussing it with her.

I am in the process of building my portfolio and unless you have another source to constitute the DTI ration requirements then you are going to have to get the rental income seasoned.

Rentals constitute a large portion of our retirement plan, meaning having all of our rentals in one markets puts our retirement disproportionately at risk.

There are people who will try to push some sort of global "get-out-of-jail-free" cared (or, "get out of trouble with the state RE commission free" card), telling you that the Constitution protects wholesaling (not true), or that any contract can be assigned and that contract law will trump regulatory law (not true), or that by signing a contract you create an equitable interest that always and forever places you beyond the reach of state law and regulation (not true.)The real answer to the question, then, is "It depends."

This constitutes an 120% Cash on Cash, or more.

While you should read and understand what terms you're agreeing to, in my experience, most banks are reasonable when it comes to REO sales -- as long as you're not trying to game the system (for example, trying to get around the no-assignment clause), the bank will approach the transaction in an earnest attempt to do the right thing.There are exceptions, and in my experience, Fannie Mae REO transactions constitute the bulk of the exceptions.

I would like to find out a more specific definition / classification of what exactly constitutes a multi-family dwelling.The terms dup-lex, trip-lex, quad-plex, 5-unit +, apartments, etc. seem to wear many different coats.For example, I would see a building like this and when I search on the county's zoning map it would be defined along the lines of a "low-rise" apartment: I see many small units combined into one single building with various access points.However, I also see other locations / neighborhoods that are filled with only SFR's and straight-forward duplexes.

The constitution only promises the freedom for the pursuit of happyness.

One thing I learned today was about the replacement cost- I was asking to insure my rental using the purchase price instead of the replacement cost, which is fine and dandy if the something happened that constituted a total loss.

I should not have said "Lamar loans money" being the source of funds does not constitute lending.