What you are looking for does not exist.

You take over the property without paying off the existing loan, and start making the payments.Since this is a builder property, however, he may have some sort of short term construction financing that you would not want to pick up.80% of MV, especially if the seller is giving you that market value, is no deal these days.

The founding fathers would not have let a Fed (the way ours works) even exist.

That information simply does not exist and many (most) investors don't understand operating expenses themselves, let alone have accurate records for their property.Finally, the vast majority of newbies fail in this business and the majority of rentals in the US are owned by individuals.

Those just don't seem to exist any more.

This may be below market rent, depending on your existing financing.

Getting them rented will help with the refi.Just paying of an existing loan will be easier than if you need cash out.If you bought them cheap, fixed them up, and want to use a new appraisal you may need six months seasoning.

After glancing thorugh this thread, there appears to be some bad information.A fornesic loan audit is not the process of having you or your attorney tell the bank to "produce the note" which some have done to stall their foreclosure process.Rather, a fornesic loan audit (at least a real one) is where an experienced attorney goes over your loan documents as well as the appraisal documents and idnetifies (if they exist) any violations in the TILA (Truth in Lending Act), loan fraud, appraisal fraud, RESPA violations, etc.

The same is also true if there is being remodeling done to an existing property that amounts to over $10,000.

Homebuyers are making sure that the house they are buying is worth the funds that they will invest, particularly if the home considered is already an existing structure or a foreclosed home.