Curious to hear from any professional mortgage folks, but my observation has been variable soft investment income (notes, other loans, equity investments) is counted if shown on 2 years tax returns (though expect something like only 70% counted and only the lowest amount).

The home ended up appraising since their was 200 sq feet of space I didnt anticipate ($200/sq foot market) and I ended up getting the house for about 50k under FMV. in theory, the high offer, low anticipated appraisal can work (I have observed it on two other Homepath homes).

Have you had any observations like that?

While I appeared to be successful to causal observers, I lacked a business and financial plan, marketing skills, and a team.

In observing their behavior when they gave me the deposit I became a little concerned about their ability to pay.

Basically, what you are saying is that "hey, I think I want to buy this property to flip, but I don't know what it will cost me nor will I know what it's worth until I see your appraisal" When they see that you can't do your due dilligence, they may not want to look closely at your offer...just an observation from experience.

I should have clarified my statements.I'd have to say that sums up my observation about wholesalers in general.

I'd rely primarily on my observations of the area (are there lots of board ups?

The amount of the line item is derived from the appraiser's experience in the local market, where observations can be made of typical owners of similar properties.

*My stance on LegalZoom is strictly my opinion and is based on my own observations, none of which should be taken as factual denegration of LegalZoom.