Credit union is the best source of financing if you can secure it.She's asking you for a business plan basicly: monthly projection of your payments received from rent and your payments on bills like taxes, insurances, property manager etc.Let's say, you want to buy a house for $70K, update it for $30K and you think your rent will be $2K/month.Then you make a payment plan for each month what is going to be paid: January+July - taxes $1020 each; March - insurance $870, every month water/sewer $50 (if you don't plan on Tenants to pay)When you make it an Excel table, there will be each month left cash flow, which you then add with mortgage payments.That's one of the main projected financials: your cash flow.Income projected as an income&loss statement: $24,000 income from rent                   $2040 - taxes                   $870 - insurance                   $600 - water/sewer                    $2400 - PM                     $4,000 - interest on mortgage- depreciation - maintenance- other expensesWhen you talk to the bank,  they should see positive numbers, not just that you know you'll pay.

I am thinking if these were owner occ though ( I mainly deal with non owner) and the new rules it could be tougher .so I would plan on paying them off.. and if they have not filed a default then you just learn the time lines in that state and you know worse case scenario when you need to pay them off.

Tenant is a private company but lender is free to examine their solvency for purposes of covering lease.

Does anyone have a Maine 7 day notice eviction form?

What is the purpose of the program?

But if you find they are legit then contact them (Google their main number.

My name is Venita Hunt, purposely keeping my photo identity for now due to I'm in the healthcare field and just want to take precaution.  

Joseph Platyan Keller Williams Main Line Realty 

Tucson AZ investor looking to connect with others across the country interested in mobile home parks as their main source of investments.

We've got the main educators mostly figured out but looking for some of that invaluable BP insight!