That arguments hangs on the interpretation of 'habitable' conditions.

I interpret this to mean, just pay the lousy $750 (in GA I found a few between $600 and $750) and qualify to 43% DTI.  

But even after all the books, webinars etc I am finding myself confused about how to interpret this information. 

It is up to the interpretation of the IRS and the specific auditor looking at your transaction(s).

You more than likely used more of a standard promissory note which attached to the DOT/Mortgage or you paid extra in legal fees to create one suitable to your state standards.The fears that coincide with notes and security instruments have all been handled and much of what exists today is just street level myth from incorrect interpretation: ‘transfer of the note carries with it the security, without any formal assignment or delivery, or even mention of the latter.’

Hello Everyone,Can someone please assist in interpreting following termination clause in realtor contract with broker?

The first place to always start, is go read the rule for yourself and do not take interpretations of the rule from folks "off the street", which seems to be like the person who said DF is a problem.

That's the most liberal interpretation.

I would doubt they are in much conflict with interpretations.

However, they do not teach you how to interpret the data!