This would be a cash-out refi on the aformentioned one property (condo) and at the time of the application I have the choice of being either rental/income property or actually living in the property as owner-occ.

Our agents up here are pretty good about making that clear.The following is the language from the Ogden City non-conforming certificate application:"Ogden City is an older community, there are some uses which may be nonconforming (nonconforming means the use was allowed when it was constructed, but now does not meet the present zoning regulations.)

What they want to see is a written authorization signed by the applicant to allow release of the information.

I guess I have misunderstood the 70% rule all along, which I was under the impression was applicable to flips with the following embedded assumptions: 1) 20% net return for the flipper, 2) 10% estimated holding costs / rehab overages.My understanding was that buy and holds were judged by different metrics, namely price to rent ratio, cash on cash return, and cap rate.

LynnI'm looking at two different applications for the marketing.First, marketing to those who have called in the past from yellow letters.

Anything special you put in your leases or applications or tell prospective tenants?

Definitely check out our podcasts--there are some great shows, full of great advice and applicable tips from investors.Good luck to you!

Still waiting for my application at the planning bureau to find out which one.

They have calculators like a rehabber both 'top down and bottoms up" where they may create a bottoms up calculation like: 30 square roof with decking, insulation, paint, GC fees, new electrical, for a kitchen fire * depreciation, if applicable Or a top-down estimate: If kitchen construction costs in the area are $200, then the may estimate, e.g. $200 per foot and you have 400 ft damaged = 400 x $200 = $80,000 * depreciation if applicable Some states, you get paid the policy limits even if they are higher than the replacement cost.

Applicants can apply and pay the fee right on the sight.