Steve Vawter if it's for you, contact your lender's loss mitigation dept, talk to them.

Mitigate the amount of visits this by coming up with a solid list of candidates to look at when you come.

How can this issue be mitigated?

I am very aggressive by nature but age is mitigating it LOL

"Growth" can mitigate that in whole or in part, but does anyone expect the US economy to grow in terms that would generate a trillion in additional tax revenue each year?

We can do 80% and I can mitigate the rehab and holding costs by a lot.

That total DTI ratio can go to about 40%, maybe 45% with stellar credit or other mitigating factors.This deal looks fair at best.

Living with him would mitigate the damage risk I would hope.

If in combination you only have $10k, this will mitigate the property purchases you can make which will indirectly effect your potential gross income in fix and flip situations.Once you sit down with the attorney, go sit with an accountant so you all get educated on how it all works.

It's a called a "waiver of deficiency" letter and do not close without it.Do not believe anything the bank says unless it is in writing.You also have to know which department you are talking to.You can get conflicting information depending on if you are talking to customer service,collections,loss mitigation,the short sale department,bankruptcy department,and the foreclosure department.In big banks these are all separate but in some local to regional banks one person might be handling multiple departments.They will all look at it differently with various goals in mind for the the loan file.