Specific qualifications, etc...

That doesn't mean they won't have similar qualification criteria, but they will be much easier to scale with after you've crossed the 4-loan (sometimes 10-loan) barrier.  

I try to be conservative to ensure the first experience is as much of a success as possible because a lost on the first deal can sometimes scare someone from real estate forever.The problem I see with conventional A paper loans is that these guidelines from a qualification standpoint does not protect the borrower from a "bad deal."

With a qualification of 160K I originally wanted to be conservative and stay under 100k.  

u can not require in most states for tenants to do maintenance only to keep neat and tidyI offer a base rent -0 per cent above market and an early "on or before rent due date received" payment discounted rentNot a late feeIf you do NOT enlist in a mortgage qualification coaching service and leave the tenant to procrastinate on get loan pre qualified, in 30 years of doing lease options I see the tenant not being successful at getting a home loan

HI Mohan,If your new job is in the same industry that you've worked consistently in the past two years or you just left school and are going into a full time salary job you can use schooling as employment history then you can use the stable aspects of this income going into this qualification.

My issue is, it's not just this deal - it's every deal I look at due to the (not so good) financing that i'm qualifing for.

My husband called me today, however, concerned because the seller's agent presented new qualifications today - on the day of closing!

@Suzanne Griffiths What Kind of qualifications does your HML require in order to obtain the 80% loan on the purchase price and rehab costs?

The lower you rate the harder a rep has to work to find products to match your qualifications.