If that's the case, the OP may not be committing fraud, but the lender is.The only way it may not be fraud is if it's a portfolio loan (not insured by any external institution), in which case I would argue it's not really an OO loan if the lender says you don't have to be an OO (by definition).

Added external AC unit $3k (we did some of the install e.g. ran the lines etc)So by the time we decide to move everything in the house will basically have been redone to our liking.Rents In My Area:I did a search through Craigslist to see what houses were renting for and found a rough estimate of around $1,250 to $1,400 a month for 3 BR 2 Bath.

So I wonder what are other landlords using for security lighting and surveillance of external common areas of their properties - including keeping a eye and/or light on HVAC equipment beside and behind the building?

I'd argue the million other external factors that could impact value play a greater role than the TV show.

Ralph, appraisers call external factors mentioned as "external obsolesence" (location) and inside factors "functional obsolesence" (poor floor plans, small closets)..

Thanks guys.Obviously there are numerous externalities that could affect it.  

In addition, growing to that scale required leverage of external resources and so my role included establishing and managing channel relationships with providers of goods and services.I've worked diligently to make billionaires wealthier and now wish to bring home to my family, friends and colleagues the knowledge, experience and tools used by real estate moguls to earn hundreds of millions in net profit.

Now you have a fresh start and can hand pick your new tenants with better lease agreements.

As for the hoa fee (which covers external and common area maintenance) it is an expense not normally figured in the 50% rule, so in theory you need to subtract that after the 50%, but on the other hand you will avoid external maintenance which is part of the 50% so ....hmm.

My plan so far:I intend to give a lot of face lift to the apartment building itself which includes, new roof2 tone complete external paint jobtear down old raggedy patio fences and replace with new ones.