The DSCR program "Must use the lesser of the two either common rent from the appraiser 1007 rent schedule form on the appraisal or the lease".You also have to factor in the taxes and insurance because a guesstimate or ball park can kill the approval. 

Their online payment system doesn't recognize non traditional banks (credit unions) so your hit with $27 fee to pay with debit or have to take time out of your schedule and go to a Western Union for a $3.95 fee.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

Now it had been almost 7 months over schedule.

I also recommend explaining what the penalty will be if she's not out as scheduled.

My wife actually does most of the interaction with the cleaner, buying stuff and scheduling.

If not scheduled correctly the contractors can only build around an item for so long. 

Hey @Brad Pierce I use Rent Redi for managing tenants, collecting rent, sending reminders, scheduling work orders with contractors, etc. 

Different submittal process, different scheduling of inspectors, different process with the inspection.  

You'll want to know what the costs to close, what their points are, and what their repayment schedule looks like.