If you work as hard on your screening process (while still being consumer friendly) as you do on your rehabs, you'll be fine.K.I.S.S. concept, dude.

However I have seen others mention on different threads that if a wholesaler has a modest profit ($2,000) per deal, his going to have a lot more continued interest in his deals than the wholesaler who squeezes the life out of the deal trying to hit a home run.

Most consumers think this is the appraiser's choice, but don't realize that this is the lender's decision.

It will be interesting to see what gives.It appears that the availability of exsiting housing (foreclosure at discount or just plain retail)and low interest rates are what are keeping this at current equilibrium, but with population growth, the existing stock will be consumed with time.

If you are going to buy multiple investment properties, and then become a straw buyer, I think you are long past the point of claiming to be the poor uneducated consumer who was taken advantage of by the big bad banks.

I'm trying to launch my own business right now and am not interested in getting a low paying, time-consuming salary job right now just to make the bank happy when I know my rental income and own business can cover that.

If you have high bills then you need to cut things out cable, fancy clothes, toys, etc.Go down to the bare bones and live well below your means and then as you experience success start adding things back in slowly but still live a modest lifestyle compared to your income and invest the rest.The goal is to eventually have so much money then you live a very nice lifestyle but it still only represents a fraction of your wealth and each year it grows bigger and bigger.Most just spend all the money they make and have hardly anything to show for it.

Those that accept Federal funds have the most difficult and time consuming procedures.

Our regular RE attorney (excellent one, BTW) has decided to work on the other side in consumer/ tenant protection (sheesh!)

As Dion was saying, different lenders, mortgage, consumer, revolving accounts all look at histories differently.