Having any type of re-occuring monthly payment will impact your credit for the most part (good and bad) especially if your debt to income ratios don't suffice for the property you are looking to acquire. 

This is the reoccurring question in the property management community; 'how do I find new owner-clients'.It starts with you having a solid web-site.

This YSP is probably the same amount of the closing costs which is about 3200 dollars including the appraisal.When a lender says there are no closing costs you have to ask yourself ... in which way is he/she structuring the deal to have no cost because one way or another the buyer will be paying for it either through a higher rate (with YSP built in to pay for closing through a slightly higher rate), financed you a new higher loan amount, or in cash up front or at close (your mortgage payment you're bringing in).There is a big difference between:- no closing costs - means you dont bring in the non reocurring closing costs of the transaction but may still pay for prorated interest, taxes, and insurance- no closing, and no interest costs - means the non reoccurring closing costs of the transaction are paid and the prorated interest costs are covered as well but you may still bring in taxes and insurance- no cash to close - you just get docs and sign and bring no money to closeThe above can be accomplished through YSP (lender credit & higher rate), financed through your loan, or paid in cash by you the borrower.Thoughts?

I've mostly been an information gathering ninja here, even as of current, but after watching about 2 dozen or so podcasts, one of the reoccurring themes stated is to become one w/ the community n to mingle w/ an empty Heineken in hand (which I hadn't drank) that I will fill up w/ water later.  

Have this reoccur automatically on your payday.5) Set up all your automatic withdrawals for each bill to come from your escrow account now instead of your primary account.The way this works for me now is that on each payday, I don't see the money that is budgeted towards my bills. 

I flew SW for about 2 years and had all my reoccurring bills on it and I never got close to the companion pass.

Seems to be a re-occurring problem for me.. 

You locate a property and can take a picture of it, add it to your 'Portfolio', and then pick a Yellow Letter backend that will send a mailer to that property as well as get them on a reoccurring postcard mailer.

And just like with the others above there are some good deductions you should be taking advantage of here as well.S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your income*WHEW* What a lot of information and we could probably spend ENDLESS amounts of time on this subject.

One of the many reoccurring themes in that article and subsequent responses is the fiduciary duty to the seller.