Back to the same routine.

I strictly have them quote me for labour only.

The property management company is strict dti of 27%, no lates on the credit report in the last year, and verified income/background check.I feel okay since my raise is more than that it's about double that after tax, so essentially they (tenants) are paying my mortgage and that's after fees and assuming 90% occupancy.It might be easier if I had tons of money saved, but I only have about 12k in savings and would hate to eat all of that plus more in a sale.Seems okay to me what do you guys think?

He is very "ancient" in his ways and is living strictly off his experience and reputation.

It is strictly at the discretion of the asset manager handling that particular property, and his company's policies.

I understand that many investors wait until after the sale, but I'm talking strictly on an avoid foreclosure to use seller financing basis.I certainly have an appointment with my lawyer, but I'd like to get opinions from BP as well:cool:

I would strictly stick with .com's.

I live in it, but also rent it out to some friends.Purchase Price: $105,000 Renovations: $15,000 (not sure if this is included)Gross Yearly Rental Income: $16,200Property Taxes: $2,200 per yearHome Owners Insurance: $330HOA: $190Other operating costs (eg. routine rerpairs): $400Vacancy rate: not sure what number to use here??

They seem to be strictly auction buyers.

Typically, they will look at the "big picture" instead of strict freddie fannir guidelines.