Calculating Effective Rental Income� Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;o Fair Market Rent reported by the appraiser; oroThe rent reflected on the existing or proposed lease agreement.History of Rental Income.When a borrower has a history of receiving rental income from the subject property since the previous tax year, the borrower must provide most recent Federal Tax Returns, including IRS Schedule E, covering the previous two (2) yearsCalculating Effective Rental Income � Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income after averaging the reported net rental income/loss reflected on Schedule E of the tax returns.� When calculating the average net rental income/loss, any depreciation, mortgage interest, taxes, insurance, and HOA dues reflected for the subject property may be added back to the net income/loss.� If the borrower has owned the subject property for less than 2 years, rental income/loss must be annualized for the length of time the property has been owned. 

Some investors might be adding square footage to improve the value. some investors might be looking for long hold times that justify the purchase price.  

There may be a button on top of the page to ask to be added.

I will also be adding bandit signs and I plan to get down to my local court house for info on probate records.

Chris, is the building currently a 4 unit and you will be adding 2 additional units to make it a 6-plex?

What do you do if something needs to be added during the project?

There is an unofficial BP meetup which is also free in Woburn every quarter run by @Justin Silverio , shoot him a colleague request and ask to be added to his list, and he'll notify you.

For owner-occupied homes – including up to five acres of surrounding land – the assessed (or taxable) value is 4% of fair market value, and no school district taxes may be added to the base millage rate.

Don't be adding consumer debt to your situation.  

Assuming the BK court allows the short sale, the pragmatic lender will issue a 1099C in lieu of seeking a deficiency judgment, Should the lender get the BK court's approval to obtain a deficiency judgment, the judgment will be added to the debtor's repayment plan and not discharged.