The last thing anyone wants is for this woman to be abused in anyway.

Yes it is a turn key business, yes it has been operational since 1947, yes it has cash flow, but none of this stands a chance against the work that needs done to brings things up to code, repair the issues that the owner is denying (even after 4 building and code inspections) and keep everyone on payroll. 

As much as I like the idea and privacy of having a “business” address, I only intend to move forward with either option if there is a good chance the company could benefit significantly from it.Can anyone confirm or deny my friend’s input or speak with experience?

Should I approve them as a group or deny based on one of their credit histories? 

The fact you are relying on a HELOC for a down payment is probably why you being denied.

475.43 was written into the statutes because of the abuse by people using contracts to broker without a license and also because of the amount of victims these people were harming 

MOral of the story nice guys get abused in this business you need to be tough as nails.. which is not my MO

@Denis F. 

Hi Bigger Pockets,I ran into a problem yesterday with my first investment property that I am trying to purchase and I need some advice.Situation:The underwriter for my conventional loan is denying the loan based on the property being listed in "fair" condition by the appraiser.Appraisal:In its current condition, the appraiser is saying the property is worth $160,000. 

So if someone is on the section 8 house program you can not deny them for being section 8.