However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter.

Properties classified as "IE", Insurable with Repair Escrow, have a fixed dollar amount established by HUD that allocates money for specific repairs to the property if and only if the buyer purchases the home using an FHA 203(b) loan.

If you have money in the bank from these investors and partners it might be nice to mention that and how it will be allocated.

11 unitGross rents $5,500Purchase price $205,000Rehab needed - unknown until inspection - owner has put 175k in, but I'm allocating 5k minimumFinancing terms for BOTH units (including arm details and cap, if any) - 30 year, 25% down 5.75% commercial 5 year then converting to 1 year arm.

expenses" is a made up term that really is an allocation of money when i get paid monthly, correct?

I prefer to invest in foreclosures (cash at auction) with the current cash allocation that I have but would be open to what your thinking

Perhaps they have allocated a higher percentage to property management to account for the high vacancy.Effective gross income certainly is overstated.

Income allocation is a big issue.

I do have funds that I can allocate to the home, but I'm hoping to have most if not all of it come from insurance.

I use a budget to allocate my current and future expenses.