Under any of these three scenarios the landlord has the absolute right to take possession of the premises, change the locks, and prepare the premises to be re-rented.

Closing costs came in at 14% instead of the 5% I budgeted for and I'm going to have to put up cash I reserved for "pretty things" and cosmetic improvements to cover closing costs instead.I'm trying to figure out if I can finance some closing costs on a 203K loan since my lender wouldn't let me do a "lender credit" and take a higher interest rate on a 203K.

Matrix would not take it on, yet they have been willing to guide me with my questions and their advice and I learned so much from my first deal, that it just helped me lock up this one.And yes, it was not my money, credit, forms, or solely my personal knowledge.

You cannot normally count the rent as income on a mortgage for two years.I do give you credit for thinking a lot of this out though!

You may want to consider buying Non performing notes secured by multifamily, but I'd plan a heavy capex program to stabilize and be prepared to dispel any negative press as negative past tenant reviews can be detrimental to stabilization. $10k-$25k per unit is more conducive with mobile home parks, which may be something to consider also.

The short answer is that you will get credit for everything that has a written and transferable contract associated with it.Not all side income will be counted towards forcing your appreciation.

Then, my inlaws have agreed to take out an equity line of credit on their house and are going to have a little more than 40k in money that they are going to allow me to use.

I suggest you make sure they are qualified (income, background, etc.) and set them up with a credit repair agency so they can purchase the home before the option expires.

There are factors that play into those percentages such as what state project is located in, your credit score, funds you have available, experience, etc...

I am not inclined to cash out my IRA ($1.2 million), but I was just trying to see how I could use that money to generate some return better than the current market yet prepare to retire at 59.5.