Cash out refinances where the subject property was purchased within 6 months (measured from HUD-1 date to the disbursement date of the new mortgage) when no financing was obtained for the purchase are allowed under the following parameters:o The new loan amount must not be more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points – subject to the maximum LTV/CLTV/HCLTV for cash out transactions.

They will give you a scope of work and a final checkout sheet with all the final moisture measurements taken.

Everything you do with tenants has to be measured and fair to all- Them and YOU.!

Something that you can look at that will help determine the value of the cash flow you are getting is cash on cash return, the value of the dollars you bring in measured against how many dollars you had to put out to get them.My analysis looks like this with your numbers:Purchase $80,000Down Payment $16,000Interest 5%Term 30 yearClosing Cost $2,000Rent $1,100Payment $343.57Tax $86.43(430-343.57)Vacancy 10% $110.00Turnover $500/yr $41.67PM 10% $110.00Maintenance 20% $220.00Ins 500/yr $41.67Net monthly Cashflow $146.67Cash on cash return 9.78%All those expenses are in monthly terms so obviously you might have some good months with no maintenance and you won't be spending $220/mo fixing things, but when a roof needs replacing you've accounted for the expense of it in the years of cashflow you've already experienced.Hope this helps you see where the numbers are.

title didn't say length and I didn't have a measure.

A lot of things get returned to Lowe's and Home Depot not because they are scratched or dented, but just because the previous buyer didn't measure properly and the appliances won't fit.

Really there is no way to stop a buyer from doing this but there are measures one can take to prevent it in the first place.

A comparable dwelling unit:• Is constructed in accordance with the standards of chapter 4 of the 2006 International Energy Conservation Code as such Code (including supplements) was in effect on January 1, 2006,• Has air conditioners with a Seasonal Energy Efficiency Ratio (SEER) of 13, measured in accordance with 10 C.F.R. 430.23(m), and• Has heat pumps with a SEER of 13 and a Heating Seasonal Performance Factor (HSPF) of 7.7, measured in accordance with 10 C.F.R. 430.23(m).All of our AC and heating units are SEER rated 13 or higher, and I found the construction codes for the IECC chapter 4 and in reading them we appear to meet all of those requirements.

@J Scott Actually, I stopped short of saying IRR because that too is a rate of return measure and it won't work with zero investment.

Being on a hillside would kinda give me a warm and fuzzy, sorta.Alot of coulds, cans, mights, and shoulds, with a kinda and a sorta thrown in for good measure.