The 1% rule incredibly flawed, even as a short form underwriting technique.

I was not in the industry at the time, so I am not exactly sure who that 3rd party was, but I would say there is recourse if the appraisal is fundamentally flawed.

Many lenders wouldn't have discovered this. 

Bouncing payments or only being an illness or accident away from not being able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX).

Where I am able to discover fundamentals and make decisions based on those. 

Two years ago, the roof was replaced on the property and recently due to a leak, the roofing company discovered that screens were installed on the drains on the roof that voided the roof warranty.

Real estate is a dynamic field, and adaptability can lead to discovering unexpected gems.Finally, enjoy the process.

Purchase price: $1,250,000 Cash invested: $260,000 Sale price: $1,875,000 Discover your 2,350 sq. ft. coastal oasis on a spacious 17,000 sq. ft. lot.

Facebook groups can be a valuable resource for discovering properties.

I no longer offer them, We were going to initially get 11 sets, we soon discovered it wasn’t worth it.