Most women look at them & shudder.Gas stoves also collect mouse haven spillage on the tough to get to underside of the 'sealed' burners.

The $210,000 you net is 233 months (that's 19.4 years) of your $900 profit you get when you walk away, cash fat and you don't have to worry about maintenance, tenants, etc.  

@Jason Wade Apologies for the delay, BP has been on the back burner for a week or so.

@Svend WhiteOK, so what you're planning on doing here is abandoning your family in your home while you head off to this place to live in a basement and supposedly sponge bathe and eat out of a nonexistent kitchen, but with maybe a dorm fridge, a little electric burner, maybe a microwave, maybe a toaster oven, effecting a separation with your wife and child, all so that you can legally say that you're living in this place for a year and qualify for a low down payment.All these mortgage records are public and permanent, and the IRS can get their hands on them with great ease during any sort of mortgage fraud investigation.If I were an IRS agent investigating you 10 years down the line (federal statute of limitation for mortgage fraud) and I saw this paper trail, I would only think one thing -- this dude was just getting his mail at the property.

Simply telling my people to 'push the burner towards the center of the stovetop' or 'go to your panel and flip the breaker' has saved me thousands over the years.    

Sure, you could put some things on the back burners (say, adding central air vs window units or updating wood windows to vinyl or replacing butcher block countertops with granite or at least formica or holding off on refinishing semi-OK hardwoods, etc.).

I just tore the house down.. new homes there now that it gentrified are worth 600 to 700k each and we can put 3 on this one lot. so about 2 mil in gross sale on a lot I paid 80k for and had no income for 10 years.. .. we will make a big fat pay day on that..

Now called FAT FIRE by some, this is just good old fashion independent wealth.

Hi @Corey Drexler,For non-owner occupied, the only way to avoid saving up a big fat down payment the old fashioned way is really to tap the equity from some other real estate.

These guys have many units they manage > 60 so im feeling our deal has been placed in the back burner.