How about management, advertising, entity maintenance, insurance, evictions, setouts, legal fees, damage done by tenants (in excess of the security deposit), lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc?

Technical Guidance: This program is authorized under Section 203, National Housing Act (12 U.S.C. 1709 (b), (i)).

It's still considered a cash out refi technically.

He had 220 units by then and I actually left to work for the construction staffers to explore if it was a business I wanted in on (Trinity Construction Staffing).

There are some discussions about the technicalities of contract law and ownership with double closings, but hundreds of them happen every day so I wouldn't worry about it much.

cchilds1119:Typically, in order to get the money at closing that is the difference between the selling and appraised value, you'll need to use that money for the repairs of the home.In response to your 2nd inquiry, no, you can technically get the money at closing if (big if) your banker will allow you to do so.

Having said that we wouldn't technically be buying the house for 155K.

Nearly 8 million of these businesses were in three sectors: real estate, rental and leasing; construction; and professional, scientific and technical services.

It's probably a possible reason for the seller to back out of the contract if you want to get technical.

I didn't think I needed a real estate license to do this because technically I am just referring the properties to prospective tenants.