We had someone submit an application with a fake Visa and fake letter of employment that obviously looked real.

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

I obviously pay all these loans back with the rental cash flow asap.

It was obvious the client was not going to commute from Orlando to Miami for work.

Obviously, we never would have used him if we would have known he would’ve pulled a stunt like that.

Of course establishing what the assessed value was 20 years ago is less obvious.

Here are the numbers:Property 1:Purchase Price - 130k Current Zillow Estimate - 166kLoan Remaining - 100KCurrent Interest Rate - 5%If Refi - 6.38%Obviously at higher interest rate my EMI is gonna increase , but at same time I am adding an additional asset which would cashflow as well.

Obviously the lower the price, the more attractive it is.

Obviously if there are extenuating circumstances we might have a different conversation. 

They obviously won't want to share that unless they redact the purchase price.