Matt,The banks and trustees need to know that you have the means to do what you want to do.what I mean by that, is if you have proof of funds, and time is short,i call the bank and trustee and fax that, with my tentative offer or plan,and if needed i conference in the homeowner on those calls.the bank's last desire is to get the property back, and I've stopped the sale at minutes before the end of the day just before the sale...get a letter for proof of funds, and know you have a deal,and stay aggressive...these lenders are so overwhelmed with 'investors' that don't appearor sound believable, that sometimes their only change of demeanor will come by showing them the money...stay focused, and don't quit...

-Matt

Matt, The old adage, "breath" applies here, just slow down and focus on whats at hand.

Thanks Matt but after reading John's posts it sounds like he is saying the PITI from my investment properties doesn't get added into my debt number since all of my properties cash flow on my schedule E. 

Matt, You are correct, you can only have 1 FHA loan at a time, but I would not be so quick to dump your FHA and go conventional.

Matt, it will cost you a little bit upfront, but it will save you a lot in the long run to use the services of a licensed attorney the first time around.

Matt, I have heard similar feedback from my insurance agent.

Hi Matt,An early pre-welcome to Colorado.

Matt, your limitation to VA is by loan entitlement amounts, not a per loan limit.

Thanks Matt, that is exactly what I was looking for.