6 months PITI per investment property is the current general guideline for most scenarios.This summer, it's going to change to basically the following, with several pages of nuance...1-4 financed properties owned: 2% of total outstanding mortgage balances.4-5: 4%6-10: 6%.

I also know that post cards in the right area work outstandingly well.

Have in it that rent will be applied to all outstanding monies owed.  

Simply put, if it wasn't very good or outstanding, I couldn't close the deal.  

Even with 10 points (nearly 20k for purchasing fees), carrying the property for 60 days at 18% interest, loan purchase fees, 5k in repair (probably overkill considering the house is less than 2 years old and in outstanding condition from the exterior) and selling fees (6%) I could still stand to profit about 21k.Anyhow getting back to my question ...Does anyone have any experience getting non-doc loans for rehabs from hard money lenders to be used to purchase foreclosed properties?

I don't see bringing to code as a realistic possibility because of the condition.My game plan would be to demolish and rebuild, the lot already has city water and sewer with no outstanding bills owed, the taxes are also current.

Outstanding job man... you worked the numbers perfectly.

There would be pockets in all of those that could be outstanding.

I have been the trustee on one relative passing and they had about 70k in outstanding credit card debt..

For a property with outstanding tax liens, the closing attorney would simply request a payoff statement from the lien holder and the lien would be paid off with the proceeds from the sale.