There's some issue with the property or else the seller would sell via a traditional transaction.

Would you go into business in a resturant and have one item on the menu?

Having it in the lease and actually having an open policy are 2 different items.

Tradition closing with a local title company.

Again not an excuse but he claimed his sit. was that he had to pay rent at his old place at the same time as mine so he was temp. squeezed for funds and needed to start moving so I allowed some items into the garage :/

Does anyone have an example of the letter they use when itemizing security deposit charges??

There are many more out there, but these are some of the more important items to look for.

.- Has 11 collections: $943 Medical (2011), $284 Medical (2009), $722 Citibank (2009), $1,086 Sprint (2009), $491 Victoria Secret (2010) shows as paid, and another 6 other collections for medical that amounts for $900 (2010)- In the trade section it also shows few other items that were "placed for collections": $45 Sprint (2011), $1,706 shows as closed by creditor grantor (2009), $4,775 Student Loan shows as unpaid balance charge off (2004), $22.1K Student Loan shows as unpaid balance charge off (2009), $1,189 Placed for collection (2010), $1,812 placed for collections (2010).Now, I do not know if this is typical considering the state of the market and economy as I entered the business only a year back, but based on myself and people I know, this seems to be awful!.

As I have heard, traditional lenders (banks, S&L's) want you have a W2 to refi a rental (ie long term 30 years, 75 LTV, 5% at this point in time).

Both are more than adequate in condition and function, yet the inspector failed both houses by the tune of 3 full pages of items.