@Shaun Weeks you are incorrect, on conventional market guidelines are the same, borrower needs 6 months reserves for investment properties and 2 months for second homes.

A pet peeve of mine is when I see financial analysis info that does not include property management in their NOI, and THEN a cap rate is given using that incorrect NOI.

Everything went well until the last day when refrigerator was installed with incorrect water line.....it flooded the below unit and I had to move the lower unit to the above unit. 

Am I thinking about this incorrectly?

That said, if I'm understanding the rule incorrectly feel free to chime in. 

of the property everything has happened in a very mixed-up order, with a few creative quirks along the way; purchase note, start foreclosure (on both notes!)

Is this incorrect?

My apologies Natalie, I must be remembering my tax books incorrectly.

The problem I'm having with this software is that the leadpipes seem to be quite outdated and the power matching (the feature I REALLY wanted to use) does not work properly as it matches properties to incorrect buyers (and even to some contacts that aren't even buyers).

You do it incorrectly and you can lose a lot of money.