We are more concerned about our commitment to the workout, and diet.

I have come to learn that MD has some very strict rules for "Foreclosure Consultants" and "Foreclosure Purchasers".

The money is used strictly for the business.

Here is what I found listed as an average daily diet for Michael Phelps:Breakfast: Three fried egg sandwiches with cheese, lettuce, tomatoes, fried onions, and mayonnaise.A five-egg omelet.A bowl of grits.Three slices of French toast with powdered sugar.Three chocolate pancakes.Two cups of coffee.Lunch: A pound of pasta with tomato sauce.Two large ham, cheese, and mayo sandwiches on white bread.Energy drinks.Dinner: A pound of pasta with tomato sauce.Six to eight pizza slices (basically, a whole pizza!).

This is because banks don't want you crediting too much of the tenant-buyer's rent payment towards how much the they have put down.This makes sense in this "more strict" origination market?

well due to the whole financial crisis and government takeover of one of our biggest mortgage lenders all the mortgage companies made their lending policies extremely strict and realistically now a buyer needs to have around 20-30% deposit for most lenders. they also generally will not lend more than 2.5 times the amount you earn in a year. then the introduction of hips (home information packs) august 2007 caused a huge flood of houses being put on the market because people wanted to avoid the cost of the hips this meant that values of houses dropped drastically and a hell of a lot of people went into negative equity and in 1 month in particular house prices went down by 9%...in a MONTH!!

Paying more than market value for a property would be crazy in the rental business.Based strictly on cash flow, here is how I would evaluate these deals:Deal #1:Gross Rents: $650Operating Expenses: $325NOI: $325Mortgage Payment: ($35k, 30 yr, 7%): $233Cash flow: $92 per monthDeal #2:Gross Rents: $700Operating Expenses: $350NOI: $350Mortgage ($38,500 with repairs, 30 yr, 7%): $256Cash flow: $94 per monthClose to a tie!

Some people argue that we're too strict in how we police the site, I think it ensures the quality of the site.I owe it to all of our members who participate . . . this truly is a wonderful community!

Rehabbing is a strict black or red situation.

Even if you had a strict no pets policy, you would still be required to allow a tenant to have a service animal.Covered under the fair housing act:http://www.hud.gov/offices/fheo/FHLaws/yourrights.cfmmentioned about half way down.