That's all gone with the MLO Comp Rule, and the MLO must get paid the same regardless of loan terms (and mysteriously now everything is 30YF and no fancy "features" LOL), but that cuts both ways -- the MLO can't give himself a big fat bonus on just your loan, nor can the MLO take a pay cut just on your loan.

UNLESS yoru doing volume if your buying 1 or 2 houses in a year its going to be a challenge.Now I know when I build new construction I do maybe 35 homes a year personally.. we look at lot cost vertical cost of money to build  sales cost and what our profit we can make.. we factor that in before we bid on the lots you have to back into it based on end sales price.. you can't just build it and they will come and or it will appraise.. with the goal to make 10 to 15% on gross and if we do better than 15% that is a huge win for us.. but of course these are 400k and up.. so numbers are bigger but so is the risk. and we can't be like a high volume turn key company that does our yearly production in a month or two.I fund a few VEndors that do a turn key light ( is what I call it) they will let you pay cash for the house and they will charge you a fee to use their rehab crews and coordinate it all. then hand you off to PM.the reason PM is critical in turn key is you have a tenant base that is some what of a challenge to manage.. other wise none of these turn key guys would be in the business of PM unless they were going nuclear and growing it so big that it becomes a profit center in its own right.I hope some of this makes sense. its simply not a big mystery you have certain components that go into bringing a product to market and make it financeable.

Good luck to OP...and you while driving that pedo-van/Mystery Machine around town that you’re so proud of.OP to better “substantiate” - what make and model is your vehicle is? 

Only real problem was when they lit fireworks last 4th of July and had the street pretty well ablaze in them,,,and my porch floor mysteriously now sports burn holes in it now,,when it didnt in June.

The same people who scream for the govt to get out of their lives scream bloody murder if you try to cut medicare or increase retirement age.

My second concern would be collecting the rent each month and my first concern would be to safeguard myself from being raped and/or murdered at 4am.

For additional info, the crime maps show that there was a murder right across the street in May…So all that aside, here are the #s:Asking Price: $110,000 (dropped from $125K)Offering Price: $90K (based on lack of garage, seller’s expediency, past murder, vacancies and upcoming winter, as well as what I can afford to pay per month)Rent: $950 (once rented); Annual = $10,830 (5% vacancy)Operating Expenses:Water/Garbage - $1380Gas - $106 (altogether; split between two units)Electric (separate meters)Insurance - $1500 Property Tax - $1,666Repairs (if needed) - $1600=$6252NOI: =$1998 Annually Debt Service:$7104Cash Flow:-$5106 or -$425.50 a monthAs owner-occupant:$592 – MORTGAGEUtilities – $375$6 + $150 + $139 + $86 + $50 (electric; estimated)$1017 a month…doesn’t include repairsPROPERTY #2The second property is different.

My wife would have committed murder years ago, for instance.  

The issues on investing are overwhelming (1) Lack of police presence(High Theft rate &Murder- break-ins and let me know if the police respond to your call on time or even do.

This includes traumatic events like murders and suicides, reported paranormal activity and even proximity to homeless shelters.Whether you have to disclose anything and what types of defects you have to disclose all depends on the jurisdiction.