Many take their properties off the market during the ski season and put them back on sale in April when rental income dries up.

Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.

Everything is dry , fans still running , isolation valves installed so if something happens again I can shut down 1/2 the house and still have a bathroom .

I bought almost 20 new 1400sf townhomes in Clayton County for $25K-$40K until the deal suddenly dried up last year.

You can then sue in small claims for damages in excess of security deposit.

Most motivated sellers are looking for cash not someone wanting to put their home under contract and leave then high and dry.

When she let the propane tank run dry the first time, did you restate that it is her responsibility to keep the propane tank filled?

Have Arizona and California deals dried up?

This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

I had to cover all my losses out of pocket by working a 2nd job - bc the investment threw off no excess cash flow to cover losses.