It means, what actually happened, pure and simple).

You can talk to a more flexible lender about qualifying him on the pure income from his last 24 months bank statements.  

It is narcissistic to say that anything the rest of us do (unless you don't really try to get the best deal possible for you) is any more ethical and it is ignorant to say that there are not many situations where someone acting as a wholesaler can not deliver value to a seller even looking purely on the basis of price.

Good points, however I think that the assumption that people are running out and buying things purely because they meet a rule-of-thumb metric such as 50%/2%/etc may be a little harsh.

I hardly think that would be the resulting situation had I been an "employee" of the lending institution...again, your "employee" statement is an overly simplistic view of a more complex subject.You have every right to believe what you've written, of course, but keep in mind that everything you've argued is purely qualitative...in other words, your "opinion"...And that's just my $.02, of course

People who have licenses say you should get a license and pure investors that say to save the money.  

As for laws, well those vary just about everywhere you go, though at least Madrid is working on cohesive federal regulation for short-term rentals (whereas that will never happen in the States), but I completely agree with your point on the good deals in high-crime ghettos angle - the concept of "ghetto" as it is in the States just does NOT exist in Spain, and personally I find that a much easier thing to work with in terms of identifying path-of-progress opportunities.Our company offers a few different things, but right now we're working on rebuilding our property management division on the Costa del Sol, targeting purely vacation and short-term rentals (we sold this division last year when we got a tempting offer and knew that pending regulation was going to greatly shift the marketplace).

But being a pilot and being real keen on the 787  and knowing what would happen once the battery issue got sorted out.. that was not a big leap for me.then Mercedes Volvo and Charleston being a destination for many.. it seemed logical to mewhen you land at the airport and see 30 787 lined up you get a good feel someone has to build those suckers.

(This trick won't work with a motion-detector floodlight; the motion detector won't work through glass.)One option for the camera is a "trail cam" or "deer cam" - basically a digital camera in a waterproof box with a big battery. 

@Adam L. if this was purely an investment ROI decision to be made, by all means sell as it would come off as a thin deal in terms of cashflow, but I hear you place another type of ROI, the emotional type....to you this is much more than just a financial  ROI decision.