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I have to give you a disclaimer on this that I am not an expert, however, I did have a situation where we were about to close on a condo and the flood report came back requiring flood insurance.

As it turned out, the tenant took it on himself to move into a hotel the SAME day that he reported problems with the AC and then tried to deduct that from the rent.

What sort of financing contingency to put on offers (what if my lender denies the loan based on the MFR income reported)? 

What sort of financing contingency to put on offers (what if my lender denies the loan based on the MFR income reported)?

What if the guy is a tax cheat and accepts cash and doesn’t report it?

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi everyone.

@Chris Isaacson , Bank allows you to do that for internal efficiency, but you have to report gain to IRS. 

All they have to do is also get appraiser to supply the rent on the report. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Please see the included print out done by the BP Wholesale Calculator.