I am certainly not looking to get myself or anyone else into hot water, but looking for a conversation in relation to some of the specifics that pertain to short-term rentals.

Fell free to contact me directly with any questions pertaining to Real Estate of Home Inspection! 

I believe there is even a section on contracts that pertains to earnest money.

I have obtained Schedule E pertaining to the property, but IMO it should not be used alone as a verification since you'll never know if that was indeed the schedule that was filed.

Scan these into your word processor and add verbage that pertains to your transaction and use these.

I seriously doubt they know laws pertaining to the advertising (which includes the solicitation of loans) origination, processing, qualifying borrowers as to ability to pay, predatory lending and loan servicing matters, the reason for my opinion is that lending is not real estate, it's banking and finance.

@Brandon Griggs I couldn't agree more on your statement pertaining to appreciating this forum.

I'd be interested in what the OP's take on the "add on costs" as well...For the type of project you are entertaining, the 221d program is really in a world of its own (as it pertains to borrower benefits)...There loan programs that offer less "fuss", but loan to value allowances and rates will be of no comparison.Regards,Scott Miller

Executory contracts include any transaction that defers material action by either party that pertains to ownership or possession of real property into the future.

I am putting in the numbers as they pertain to my circumstance: $30,000 purchase price$0/mo payment (7%, 30 years) $900/mo rent --- I've lowered this due to possible 10% vacancy and/or possible lower rent during the year.$450/mo expenses (based on 50% of rent)$450/mo NOI$450/mo cash flow (NOI - payment) I have not taken into consideration income tax -- does PITI take this into the equation or is it only the property tax included in this?