How Lender Overlays Prevent Mortgages.

A lot is hinging on the April 11th lead paint meeting, whether the ordinance does become more reasonable and whether they push back implementation a few years or if they are keeping the Sept deadline and potential fines.

Has anyone run into a scenario like this where foundation issues prevented funding?

._____ This specific service animal provides a necessary service specific to Tenant’s disability.Name of animal: ______________________________________________________________________Description of animal: ___________________________________________________________________________________________________________________________________ (type, breed, color, age)Veterinarian: _________________________________________________________________________Emergency Caretaker: __________________________________________________________________Tenant agrees to:1.Provide proper care for the animal in accordance with veterinary recommendations or ASPCA (American Society for the Prevention of Cruelty to Animals) guidelines.

What would prevent other investors from rushing to this?

It's good you are asking for advice to learn from your mistakes,most of which were avoidable.You need to learn some of the rules of acquisition to prevent having problems in the the future.Rule of acquisition #3, "Never pay more for an acquisition than you have to".You paid way too much for a property in that bad a shape.If you can't get it for around 50% of the after repair value,let it go and find a better project.Rule of acquisition #21, "Never allow friendship to get in the way of profit".You can't make good business decisions if you are trying to keep a friendship from souring if you don't do what they want.You need to keep everything professional by only hiring employees you can terminate immediately when they fail to accomplish their tasks on time and on budget.Contractors are employees,not partners!

So let's say you've only been qualified for a 500k mortgage, how do you prevent having owners who are selling for let's say... 650k calling your VM?

Require her to use a liner inside the tub when taking a shower to prevent splash out.I agree, it would be more difficult to bathe a child with the shower doors and their metal tracks in the way.

How do you prevent huge dental bills and root canals?

I'm just replacing a 1952 furnace last week, not because it failed, but because I'm selling the former rental and want to prevent buyers from thinking, "Wow that's an old furnace I'm going to have to replace it soon."