In my area there does seem to be a strong discrepancy in 2br vs 3br rent prices (about $200 a month).

Everything went according to what she had taught us including the fact that before we finalized the deal we discovered a discrepancy in the details that would have made it a bad deal for us and our client.

If the estoppel does not corroborate the information from the Vendor, then a discussion is in order to address the discrepancy.  

As far as your other question is concerned, I'll say that if you found a discrepancy on your tax returns and filed an amended return there is nothing wrong with that on the lending side.  

I could understand a discrepancy of 2-3%, but not 12%!

What should I look for as discrepancies / red flags as I pour over the financial records?

Hello - My husband and I are new to the New Orleans area, and are interested in investing in multi-family properties here as buy and hold investors. The real estate market in New Orleans is very hot right now, part...

As mentioned, it can be a discrepancy at the county office.One possible explanation is if an addition was made to the house.

I don't want to waste my time, money and effort finding out that the disclosed information had an error, was missing or completely fabricated.I really would like the Broker/Agent to make copies of the Schedule E and just wipe out personal information like SS#s give it to me so I can just say, great.... let me sign the contract.This way of conducting business always makes the Buyer Beware and the Buyer has a reason to be suspicious of the situation.Then, when the bank requests the information from the IRS, I'll match it with what I have.Any discrepancies, my lawyer get involved.I actually don't have a problem getting any information I need these days because I only deal with Brokers/Agents that I have purchased properties with and they know I'm not wasting their time.

Of course, South Florida is a behemoth of an MSA so its entirely fair to point out that folks in WPB would never be shopping in Homestead, but nevertheless it doesn't come close to balancing out the insane discrepancy.