That lender filed FC in Feb. which is still to be scheduled, so that's another checkbox on the HHF qualification list.The borrower has arrears a bit over $20K so I'll use that as my bargain chip to encourage him to apply for HHF.

You are right, though, that mismanagement will likely chip away at that efficiency over time :)

My name is Chip Clark and I am just starting out.

At that point you'll have some real chips to put in the income property game.Now go get it dawg!!

I had poker chips printed up for my business.

Quick question did you hire contractors to do all the work or did you chip in as well?

FHA loans require properties to be in 110% perfect condition and heaven forbid if you've got some chipped paint, you're not getting a loan until it's been fixed.  

But math is math, and you have to determine your level of comfort with risk and reward, and the chips you have to play with. 

Im considering getting some high deductible health plan (HDHP), and maybe getting the kids under CHIP (Childrens Health Insurance Program).Please let me what youve done that you found worth pursuing.Take care!

I used an FHA loan and my realtor chipped in some money towards my closing costs.