Besides, if even the "lender" has the money, the "preapproval" is probaly dependent on LTV of 65%, borrower having a great credit score (which hasn't been checked yet) income to be verified, cash that buyer doesn't have, alignment of all the stars in the Big Dipper, closing to be on Easter as long it's a Thursday in September,......

I would also verify that the rent rates are market rates.Good Luck.Bill

The number in the books are the first thing you want to verify as true before spending money on everything else for DD.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

:Hi Roy, I have a normal 9 to 5 Job, I have a contractor of my trust now that does 99% of the work and I just follow up and verify the work at the end of the day if needed, I deposit the rent cheques and answer and make calls, plus deposit rent cheques, etc...

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

Due diligence on verifying the rehab costs and ARV is always recommended.

Verify this is ok with your particular plan.

Might want to double check what the SEV is for the property and use the State of Michigan property tax calculator to verify.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.