(And since I'm a Jersey girl. :-)Good luck!

i have been having a problem getting that refi loan. first they were taking a long time to get the documents that i provided. they kept coming back over and over for documents i had already given them.then 2 weeks ago they called and said "your rate at 4.25% is expiring today, so we need to lock you at today's rate of 5.375. we started to go back and forth accusing who's fault it is and it got really messy.i can still close at 5.375 for the 80k that i can get but i am pissed that they screwed me over and i lost over a point. so i am not sure what to do now. i know it's still cheap money, but this means i have to make at least 6% on my money until i find the next deal. and they are FEW and far in between.arrrrrrhhh

Say it was a 2 bed unit and a family of 4 wanted to move in with 1 boy and 1 girl child, you cannot say no based upon the kids having to share a room, again that is under the familial status umbrella and up to the parents how they will deal with the sleeping arrangements.

At some point or another over the last 10 years, BofA has been accused of sticking it to their customers, their shareholders, investors, the government and even their own employees."

I would have a lawyer handle this situation for me and keep all documentation so in later years I'd have legal proof that I did all I could to insure it was a false accusation, not wait until the child sues you years down the road and then try to prove the mom was making it up to get out of eviction.

I would venture that many would accuse us of taking advantage of others.

wondering how often do you guys/girls repurchase you data list on average?

Its just the reality of the business.I'm sometimes accused of being overly pessimistic and "popping bubbles".

You guys and girls ROCK!!!!

Yes this is nothing new to the big boys & girls out there, but new to me as I have only purchase new completed places.This is the current bus. model that worked on my building1-build/buy new & hold(unique duplex like SFR - thus hi quality tenants)2-cash flow-not great but good3-exit by selling as condos (30% higher value than the whole duplex structure)These are the rough number on one current duplex:-150K 0.4 acres land purchase for ONE duplex (an average - extremely hard to find)-300K Build and contractors fee-20K City utilities (can save here w/ tear down-Utililitie in place & easy to permit)-Appraised at 470KWith these numbers there is no deal/money to be made upfront unless the appraisal rises or the land price drops.