Only time will tell if that was money well spent or just a false sense of security.

There has been too much press on false positives or failing to detect.I'd evict and not worry about it, but that's me.

Regarding employment verification, unless you look up the company in the phone book, and call the published number to locate a Human Resources person or a Manager (without asking for the person named as supervisor on the application), you run the risk of getting purely false information.

Hi Peter,My wife and I are actively trying to find a good house hack in the Albany area but are having a tough time finding a property that’s not absurdly expensive or with terribly low rents for what asking is.

I've already written a lot of this in my profile but I'd be glad to cover it here.I am pretty new to Real Estate, I've done some research before and had a false start, but I am excited to start fresh, learn something new and get involved.I am currently self-employed as a freelance Paralegal, although I work mostly at a small law firm which always has work for me, I also do Taxes and I'm a full time student.

If you're smart about it and wait around for a "great deal" and not just a "good deal" than you minimize your downside because the area there is mostly renters whether that's university or otherwise...and as long as there isn't false appreciation baked into the purchase price you ended up with limited downside and significant upside.

It just seems absurd.

I think 40% of ARV is absurd -- grandma can take more risk than that.By the way, I would say don't make haste to cast the rehabber as the prey here.

Also the comment about fuses only tripping in a high overload situation but not in a situation where the circuit is running hot is false.

What is starting to get to me is the absurdity of some of the additional requests by the underwriter:- letter from our CPA "verifying" the existence of both our businesses, and that they are "still in business".