Even at 10%, you're talking about 7 or 8k (I'm assuming the 100k is the retail price of the home so you should be getting all in at 70 to 80k, hence the 7 or 8k out of pocket).I would do that til you run down to about 50k in reserves (7 houses?)

Hampton Suites and Inn...about .5 miles from my rental.https://secure3.hilton.com/en_US/hp/reservation/book.htm?

Thanks Travis Sperr I don't expect to get rich in just a few years off of real estate, however my thinking is if I am able to live off of my construction business income and every year build a property, I am entertaining the idea of 4 plexes, without taking out any of the equity in the properties and then also use the monthly cashflow to use as reserves and also to keep moving forward with more properties that in 5 years I would have 250k .

If the appraisal comes in lower than expected it could wipe out a chunk of reserves and future down payments if we have to bring extra cash at closing.

Here is the Red Cross donation:http://imgur.com/hLyKTWiI'll settle up with Joshua Dorkin as well, and he can confirm when that is done...

Attempting to take all you can is not underwriting.HMLs aren't banks, they can't borrow through the federal reserve, they have a limited amount of money to work with and while it does make perfectly good sence to maximize profits at the highest utilization of assets, being excessive is not in the public good, nor is it for the industry or themselves in the long run.

Maybe they require large reserve and replacement as well as net worth if they give you this loan.

Maybe the veteran posters can confirm ...MJ

I was able to confirm my first impressions.

I just don't know how much cash reserves she has and if she will qualify for a loan.