I don't want to get stuck with just one lender offering this program and then have to be beholden to their quirks and monoply interest rates.

purchasing as an Investor vs an owner occupant I am trying to find the most recent and current guidelines for 2015 , as far as the required Down Payment percentage wise, if I want to purchase a property as a Investor vs as an Owner OccupantI know that it use to be 10%  Down Payment for HomePath propertiesand with HUD, I may even be incorrect on my thinking, but do they eve allow Investors to purchase properties ?

Ok thanks Steve I'm thinking is it okay to stipulate in the work agreement that if contractor provided incorrect SSN/TIN or it was omitted then they will be liable for any and all witholding and/or fees assessed by IRS for the error/omission?

I would ask for $5,000 if I were you or even $10K if you can get it.Why do people pay such "steep" non refundable option considerations (incorrectly called "downpayment") when they could have paid that and get a bank loan?

I hope you didnt pay somebody for that incorrect information that you are sharing with somebody that is about to make one of the largest financial decisions of their life.

It doesn't make sense that it's nightly rental income, unless I am thinking of it incorrectly?

Our bank sent over the mortgage application docs and literally every piece of paper had something incorrect on it.

Nick,I would not worry too much about that blanket statement which I too believe to be incorrect.

If that is incorrect information, I apologize.

You can put a lot into a fix and flip, but if you do it incorrectly, you could lose money on it.