They also mentioned something about bonus depreciation as well.....

I'd like to tie this 'bonus' to the sale of the house, but I don't think that will help him, based on what he has told me.

It has been my experience that the appraisals for re-fis are how shall we say it less generous than arms lenght purchase transactions.

I've learned a lot from the replies that have been so generously provided.

I assume you can't structure your trading income as a salary with a bonus relative to profit with the person providing the capital (and maybe a forfeiture of salary if you don't make anything..)?

Often I may not be the highest offer but my offers get accepted when I offer generous terms most other investors can't match.So get out there any make offers!

Thanks to anyone who can help out - we will do some Internet digging as well, but wanted to start here b/c everyone is so generous with their knowledge!

I have a friend who was applying for a mortgage and the bank requested documentation to prove where the large deposit made in August 2013 was from (bonus at work).

If your area is too expensive for you to move up comfortably, Oregon and Washington are great places to live, and WA even has no state income tax, a nice bonus.

thanks for the generous offer.