Proper identification of tenants isalso needed if you want any chance of having local code enforcement write tickets against the tenant and not the owner.5.

But if the market is retreating then use the 45 day identification period and catch properties as they are dropping prices. 

The “V” in the LTV without improvements is the original value at purchase vs market impacts that may change that V to something different today.

You can compare the EIN (Electronic Identification Number) on your bill to the EIN on the meter.

The identification period is strict to that 45 days. 

The keys to this are that you have to cluster your sales so that the new property can be on each identification list. 

.● Self-Employed (1099)Last 2 Years of Personal Tax Returns YTD Personal Financial Statement Last 2 Years of Business Tax Returns YTD Business Financial Statement● Employed (W2)Last 2 Years of Personal Tax ReturnsLast 2 Pay StubsName, Phone, and Email of Employer Copy of last 3 Months of Bank StatementsBorrowers May Also NeedTwo credit reference lettersTwo banking reference lettersCopy of Corporation or LLC information ( if title will held in corporation) An ITIN (Individual Taxpayer Identification Number)Eligible Property TypesCondominiums, Single Family, Multi-Units, Townhouses, Condos, Offices, Warehouses, Hotels.

So don't count on one.But the 45 day identification doesn't require. you to be under contract. 

Proper identification of tenants is also needed if you want any chance of having local code enforcement write tickets against the tenant and not the owner.Any Legal Action Documents: you’ll definitely want to know if the current landlord is evicting or suing the current tenant(s).

Your identification period is extended to Feb 15 of 2023.