You can check with your state's corporation commission or comparable agency for the specific language.

The key thing to remember is that lenders will compare debt to income along with credit score.

Based upon this data we are looking at a projection of over 50 Major Disasters to hit the US by the end of 2006In addition, we are still recovering from fires in California, Colorado, New New Mexico, Oklahoma and Texas.Yet, we are still going to have to deal with past Hurricane damage.And we still face dry conditions in various parts of the United States that produce fires and we have yet to step into the Atlantic hurricane season that lasts from June to November, with the peak season from mid-August to late October.On top of all this over 350 tornadoes have been recorded as of April and this could be one of the most active and deadly seasons in historyFor more data see: http://www.spc.noaa.gov and To compare from 2005 to 2006 see: http://www.spc.noaa.gov/climo/online/monthly/index.htmlAs an investor we are tough to research property titles, market value and market trends but one major area that is left out is storm trends.Why storm trends.

In my area I find that the estimates on this website are too high, but it does give you recent (comparable) sales in the area which is useful.

The elements tend to beat the crap out of houses that aren't maintained.Mice, termites, roaches, rats, mold... those are just a few issues that the house may have currently.To get to the point... find out who boarded it up?

KleanCut, What NanCo means by a team is your real estate attorney, a real estate agent if possible (to help you find good deals and comparable properties to appraise yours against), your general contractor or sub contractors, and either private investors, hard money lenders, or banks/mortgage company.

If you can get your tenant-buyer to make higher-than-normal rent payments then you can take that money and go rent somewhere else (comparable housing) for less money.

Have the realtor friend pull comparable, nearby houses that have sold recently (prefereably last month or so).

The great thing about investing in Arkansas properties is the property taxes are extremely low compared to a lot of other states giving these investors a bigger profit margin.Thanks again for the welcome,

The concept is that finally, the person in charge has both the mandate AND the budget to execute.I'm not sure how putting a military person in charge of the CIA (which owns <20% of the assets, albeit the "remaining" 20%...) will change the situation much, especially since both elements (CIA and DOD) report now to the NDI for budget and mission.