That means you have to qualify for both the existing one and the new one.If you actually get your current one rented, and can show a tenant has been in there for a while (90+ days, I've heard), lenders will acknowledge its a rental.When considering rentals, they will take 75% of the rent, less the taxes and insurance, and compare that to the P&I payment.

No other country worldwide can compare with the volume and quality of American books published, and these really should be available worldwide.

Thanks for the suggestions.The reason I compare those two homes is there aren’t much home sold since October of2008, and for the home that sold within 3 months is better this one (i.e. more bedrooms, large house/lot and better condition) is sold around 360k to 500k.

And by using a comparable sales method. its estimated to be worth approx. 34,000.

I'm significantly less educated when it comes to picking stocks compared to them so I take the easy(and more likely more profitable) route and simply buy the market itself.

Mostly cosmetic.My ARV was rather a rough estimate based on comparables of similar homes in the area.My plan was to wholesale it based on the discount I'm getting and the fact that I have no cash to finance a property.

Compare that will 50X the rent, and offer something well under the lower of those two.

I'm chemically sensitive, and belong to MCS fora.

They usually have lower cost real estate and the "bad" neighborhoods are usually a cake walk compared to the major city.Bad neighborhood is relative to a specific area though and a lot of stereotyping.

I collect $600 in rent.My current residence just appraised at $81,000 and current Mortgage including T& I is $575 and based on comparable rents in my neighborhood I believe I could rent it between $750-800.I have been saving for large down payment (approx 50% down) on a newer house within 1 year's time.