Interest rates have some effect or influence, but there are a number of other factors (unemployment, economic outlook, population growth, household creation/consolidation, consumer confidence, tax codes, etc.) that are more powerful in determining housing prices.

I annualize my expected income and add in a 8-12% vacancy rate (average for US households).

Our household income is between $160k - $175k annually and our credit is good.

.*)CONSUMER LOANS DEFINED: Loans to consumers (natural persons) that are for personal, family or household use.* NMLS does not require that an originator have an NMLS endorsement to originate NON-CONSUMER loans secured by a 1-4 family residence.

After that, I transfer an amount to my joint checking for household bills.

I had loaned him some household items, and he has several dishes in his room. 2) He has stated in email and text msg that he plans on removing his things on Monday 2/25.

A dwelling-house, as such,contributes nothing to the revenue of its inhabitant; and though it is, no doubt, extremely useful to him, it is as his clothes and household furniture are useful to him, which, however, make a part of his expense, and not of his revenue.'

This sounds a lot like what many agents have told me.... but not what investors/banks are saying.US Median Household Income 2001-2007 UP 70% Could you cite your source for this?

Back again everyone-[size=18][b]Graduated Payment MortgageInsurance (Section 245) [/b][/size]Summary:Section 245 enables a household with a limited income that is expected to rise to buy a home sooner by making mortgage payments that start small and increase gradually over time.Purpose:HUD’s Federal Housing Administration (FHA) administers mortgage insurance programs that help low- and moderate-income families become homeowners by lowering some of the initial costs of their mortgage loans.

The only thing I can suggest is to go and have a sit down with a couple of different management companies that specialize in managing vacation rentals and gather some information from them.There are a lot of vacation rentals in my area, but oddly, even though I know a lot of people active in several different areas of real estate, I don't know anyone who has vacation rentals (except for one friend with a B&B, and that's not really the same thing).The only thing I know about vacation rentals is that they are extemely management intensive and the management companies charge a substantial fee.You have turn over every week, and someone has to be there to clean, repair, asses damage, and inventory all the household items.