But speak with 3-5 accountants to verify this. 

Initials verify that the Tenants understand this paragraph.I am not a lawyer nor am I giving legal advice by providing this information.  

FHA and USDA appraisals are identical. 

Purchased for 300K, identical apartment next door to me sold in Aug 2018 for 450K. 

Originally posted by @Bryan Johnson:Hello everyone I have a question I’m hoping you guys can help me with I plan on using HM for a Brrrr strategy after the property is fixed up and ready to be refinanced into a conventional loan what requirements do conventional banks require you have to refinance I understand I do need good credit which I have but do they look at Dti’s  besides good credit thanks for the feed back I would like answers for both conventional residential and commercial loans  Mostly the refinance requirements are identical.

When the appraisal was done upon purchase, the market rate for the identical unit next door was $1325.

I believe the application & requirements (regarding preservation) are close, if not identical, and would allow you to qualify for both. 

You’d need to be buying at a decent discount, And verify the proper process/notices were done.

However, you’d have to live there for an additional 6months (verify with your lender). 2.

I have disqualified potential tenants quickly based upon public documents showing convictions, evictions, etc.  1.Fill out preliminary application.2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.3.Query in Iowa Courts Online.4.Query Facebook. 5.Query Polk County Assessor (or county they live in). 6.Contact prior landlords.7.If applicant passes preliminary screening, send online application ($40 fee)8.Review screening for 600+ credit score, on time payments, income, eviction and criminal history.