Two years pay stubs, W2s, letters of explanation explaining why you want the mortgage, why a certain something is on your credit report, 1-2 forms of ID, and proof via bank statements that you have 6 months of reserves in PITI for all your properties.

I guess we won't be submitting our rehab costs for the explanation of our offer.... and the hunt continues. 

Because the SBA Lender’s approval is subject to different factors, i.e. a lender might be pessimistic about the borrower's industry or may have recently suffered losses in the borrower's geographic area, it might very well happen that although the borrower is fully qualified, he might still be rejected by the SBA lender.The following situations necessitate the use of a private money lender instead of a SBA lender:The buyer’s credit is spotty.The buyer’s company took a hit during the Great Recession.The seller has offered to carry back a second mortgage.

My inclinations would be to get a good geographical spread, maybe two each in four markets.

@Ned Carey   Not correcting you just pointing out the geographic difference's and it tends to be in my expeirnce..

We usually find these buyers are out of state (typically California) with some nostalgic attachment to the area--either grew up here or went to school here.If you look at the alternatives these two types of buyers have--first time home buyer who qualifies for under $150K and can go FHA, and the California buyer with $100K who wants some degree of geographic familiarity--what are their other investment opportunities that will do better for them if they're not in the business?

In my research of dollar stores, dollar tree is on the outside areas / suburbs as well as dollar general (which currently partners with paylease) In my opinion, paynearme desperately need a nationwide chain pharmacy like cvs or walgreens or rite aid, (which are probably taken by western union network or moneygram network already by their competitors below) or a dollar store as a vendor, (for geographical coverage in places where cash rent payments are highly desirable) and dollar general is already taken.

Hope that helps you make your decision and is not too rudimentary of an explanation.

7) A copy of the insurance policies for _____ Avenue and_____ :8) A Letter explaining the reason for the cash out9) A letter of explanation for the credit report inquiries from _____ and_____and whether any new accounts were opened.10)  A survey for _____ Avenue11) A copy ofthe Owner's Policy of Title Insurance for Ave.12) A check payable to _____ for $450 for the appraisalIf you have any questions, please do not hesitate to contact me at______Sincerely,

If the explanation is reasonable, you might buy a house.