I had a lease option assignment case where the husband had title but wife was on the mortgage and the divorce decree said the husband had 6 months to SELL the property or the WIFE would get legal title.Husband said he owned it outright, but I checked the divorce decree and the wife said NO!

Hello Dan,There are different fees charged by different lenders and the same fees charged just with different names, lol, so yes I would always keep line items in your proforma for lender fees, legal fees and broker fees.

If you do not qualify for traditional lenders due to factors such as debt-to-income (DTI), too many loans outstanding, or poor credit, you can also look into online private lenders.

Besides, know all the numbers of such property, these are (see the Capital Letters to familiarize with RE acronyms)our Debt-Coverage-Ratio, the Annual-Debt-Constant and the Loan-to-Value to come up with the Net-Operating-Income. these numbers will let you know how to make an offer and how to approach a lender and it is imperative you have them correctly.You know why you want to be in Real Estate Investing right?

I'm investing across different states in a mix of debt/equity deals.

If that doesn't motivate them, take the legal route.

It gave you properties that were going into foreclosure before they hit the legal news.  

After a year to 18 months, we'll look at a sale if the market is still crazy, or also consider a refi into fannie/freddie debt.   

All you should be calling your house is a rental, who you rent to is irrelevant to the policy, you could say it's for retirees, but legally it's just a rental and anyone can rent it.You also need to be careful in your tenant selection process trying to weed out the public to provide housing for only students.

Course there is a flip side to this which is that frankly if you follow the market I think its clear that the "crowd" really likes debt investments despite what one could argue if the greater risk of these investments lately.