In the cities the government got involved in housing and low income housing was built for poor people.

I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight. 

Happy to connect if you have any additional questions.State of Michigan Property Tax Estimator: https://www.michigan.gov/taxes/property/estimatorGrand Rapids MI Rental Certification: https://www.grandrapidsmi.gov/Government/Programs-and-Initia...

Even if they are locked in does not mean anything they can change them anytime they want these lenders are not regulated like Owner occ lenders thats the bottom line.. it does affect their crediblity i suppose and risk of them getting trashed on SM  but its their money thier rules.You're correct.

The provisions in the second contract govern the final close so you have to check for discrepancies that would invalidate your contract's provisions with the seller.

I've been setting the record straight so many times against unwarranted criticism and ignorance about the country and its state of affairs  (while acknowledging its issues) that maybe the government should make me a honorary citizen!

I have this theory that basically the stock market can grow faster than the fundamentals more so than housing, reason being when people put money into their 401k or whatever they are just throwing money in, not looking at p/e or whatever, the stock market is in part just an index of Americans excess savings plus it’s a unstated policy of the government that stocks go up, where as housing people are obviously very very aware of how much thier monthly payments is/ how much rent is, plus it seems that is actually a push to lower housing prices at least relative to inflation.

This is just the latest case study of how Government is incapable of improving housing affordability on its own.

Exhaust all of your conventional or government financing options before you get into DSCR. 

But that certainly adds credibility. really ?