Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

I am a full time land manager for a private oil and gas company in Fort Worth, Texas and am excited about becoming more involved in real estate investing.

No sense in wasting their time and gas going to see the house beforehand.

The requirement of "consideration" to make a contract valid has been satisfied when you relied upon her contractual promise and stopped showing the house to other candidates.  

So if you truly have valid reason or reasons to support your application that indeed the MFH will be your primary home, then you have a good chance of the underwriter and bank approve your loan.

We do mobile home parks so we typically are not looking for one person to do a general inspection but we hire a plumber to come out check water/sewer/gas lines for a professional opinion , same with electric , or if there is roads that look kind of questionable, we will ask a paving /concrete contractor to look at it.  

Assuming gas is $100 and electric is $50 a month.

Any option for gas in your area?  

You add transactions with my suppliers, about 100 Purchase Orders a month (excluding HD), you add my gas, my employee's gas which I give a weekly budget, add any meal refunds for legit claims.

I'd be happy to send an email to you with the due diligence that goes into the loan creation with borrower validation, valuation, and organization of each borrower and what to look for as a performing note buyer.