I don't like to say that someone doesn't know what they are talking about but will give your loan guy the benifit of the doubt and assume that it is a matter of semantics.

I like his honesty in dealing with the sellers and I do the same thing.

It's more honest, I think it'd be a much easier conversation, and I don't see why a rehabber wouldn't call on it.

For September, I paid back ALL of the back rent, and the full September rent.I say, as a tenant who values honesty, and KNOWING what I can afford, you just have to know your tenants.

People have usually responded very well to my honesty on the issue.

Alex, come on now, no hatin for being honest!!! I

My biggest concerns are as follows:No evictions in last 5 yearsRental historyWork history / incomeNot breaking a lease to move into my propertyAcceptable reason for movingNo violent crimesNo drug dealing convictionsCredit report verifies info on application (honesty)I don't care about the credit score.

If you did notice and just didn't mention it to anyone, take this as a lesson that honesty is the best policy.

If you did that, I would agree you're not ignoring operating expenses.You can argue semantics all day, but if you state a cash flow and ROI numbers that don't take into account operating expenses (and doesn't mention that you're not taking them into account), you are by-definition ignoring operating expenses.I'm not saying you're acting unethically and I'm not saying that you're not running your company completely above board; but I am saying that -- assuming the OP's cut-and-paste of your deals is accurate -- your claim to not be ignoring expenses is inaccurate.

I know there are a few lenders out there that are still able to close loans in land trusts, although you are going to have to find the broker that is familiar with the transaction.To be honest I would be very surprised if any brokered loan, i.e. not a local bank is going to get that loan done on a primary residence.