I can go traditional with a halfway in shape property but my understanding is that if it's not inhabitable, I need an HML.

I have been working with real estate investment properties in our resort market for over 7 years and I work for a company that has over 50 years of tradition in investment real estate sales and marketing.

I know this may be a noobie question, but when people mention in their post that they "get the property under contract" Do you use the traditional buyer agreement form by the realtors in your network, or have you written customized ones?

My living expenses require about $2k a month, anything over that is going into a money market to buy more property in the future, all future deals will be traditional 20% down 30 year fixed long term rentals.

In addition, subject to deals have more problems than traditional deals.

The question is, when the time comes where I'm ready to buy, a general question would be, since I have a mortgage on my current home (close on monday), will the bank give me a traditional 30 year loan on a rental (2nd property), or do I have to get a different type of loan?

The contract is expiring soon, and I am trying to convince them to do a lease-to-own, that way it will help them make both payments because it is simply not selling the traditional way, and making a payment on an empty house is a waste of money.

Non traditional credit lines can also be used (such as cell phone payments, utilities, rent) for buyers who do not have established credit history of 12 months.The back end ratio (proposed total mortgage payment plus current monthly debts) that is commonly allowable in FHA is 43% of the borrowers monthly gross profits.

I use the american tradition/valspar paint from lowes.

Traditionally 1/3 of houses have no mortgage debt against them.