Here is a scenario that could/would get approved prior to the new guideline:- Sally makes $15/hr, she graduated high school 2 years ago.- Sally lives with her parents, does not pay rent.- Somehow, mysteriously, Sally has $200,000 and change in a checking account, and it's been there for 2 months so we aren't allowed to ask where it came from.- Sally (before) qualifies for a cashflow positive $800k investment fourplex with 25% down w/ the rent at 75% of gross value being used to offset the PITI.- Not only does Sally not have landlord experience, or even homeownership experience, she's never even managed her own personal rent payments.

You will also want to check crime maps and schools plus do some DD in maps.

The situation below is in Westland, Michigan area.I have a possible deal with a friend that is wanting to buy her first house, however she is currently in school and cannot qualify for financing.

Hello,My name is John Esquivel and I will be going to school this upcoming month for my real estate license.

This place is currently held by some old school, maw and paw investor type landlords who gave me the tax value on the properties.

I'm just really apprehensive about most areas of the AV due to high crime and real poor scoring schools.

My partner, a West Point graduate that was in the year ahead of me, approached me with this deal.

School has finally started.

First interested to house-hack to save money during school How did you find this deal and how did you negotiate it?

Interested in getting licensed to sell in Detroit area....searching for online schools that are solid and will provide support for passing exam.