Based on some of the older posts I read, ,it sounds like the insurance companies go with whatever the fire department reports.

There is information you need to know beyond the financial reporting.

I ended up having to build a fence and reported them.

A banks monthly deposit volume will show the level of business that location is doing and you can also go on the FDIC site and see banking reports with loans and volumes etc.How much equity you can pull out will depend on what the evaluation comes back with and what percentages any of your lenders will go to for cashing out.

The lender is said to hold legal title, the borrower is said to hold equitable title.It the case of a land contract interest in real estate, like a car, the vendor (lender) holds legal title and the vendee (borrower) holds equitable title.In the case of a fee simple interest in real estate, which is what everybody is referring to in this thread, the lender holds neither legal nor equitable title, the borrower (fee simple owner) holds both.Take a look at one of those title reports one your mortgage broker desk, it will show owner/borrower with a fee simple interest in the property.Although there are similarities between cars and re, they are quite different.Hope I said that right.

If you decide to go with college rentals get co signers and decent security deposits, Dont forget the credit check and condition reports they are important.

I was unhappy- the appraiser said she'd finish the report up using 2200 sq ft, but they'd need the permits (which don't exist)-- we're now talking to the county about getting the house inspected and getting it squared away but it's turning into a nightmare.

Niki,I have SFRs in Fort Worth and the numbers look good to me, but I would ask more questions: Is there an inspection report?

A buy and hold real estate one would likely not pay off reported income as depreciation would greatly reduce the return to the investor...

Another possibility is it was a rental property and the renters reported the mold which led to the city looking into it.