I have obtained Schedule E pertaining to the property, but IMO it should not be used alone as a verification since you'll never know if that was indeed the schedule that was filed.

Certainly a comp that matches the subject property identically in size and bed/bath combos does not count if it is 15 miles away and closed a year ago.My advice (in addition to learning how appraisals are done) is to learn your market in and out including knowing what each variety of homes and their combinations sell for.

If the lender has significant credit extended to them for the sole purpose to fund loans then obviously this is a step in the right direction regarding your verification processes.#6 Does the lender have a Mortgage Fund blessed by the Department of Corporations ( "DOC")Most Mortgage Funds are registered by the DOC.

Sharad, when doing a verification of employment, I used a modified VOE (1005), used by lenders.

If it's been less than 90 days, there may be some additional scrutiny, such as multiple appraisals, verification of repairs, an extra FHA inspection, etc.

Purchase price: $118,175 Cash invested: $26,900 I have moved out of my first duplex I was house hacking after purchasing another almost identical duplex on the same decommissioned air force base.

Tenant’s Maintenance ResponsibilitiesTenant will: (1) keep the premises clean, sanitary, and in good condition and, upon termination of the tenancy, return the premises to Landlord in a condition identical to that which existed when Tenant took occupancy, except for ordinary wear and tear: (2) immediately notify Landlord of any defects or dangerous conditions in and about the premises of which Tenant becomes aware: and (3) reimburse Landlord, on demand by Landlord, for the cost of any repairs to the premises damaged by Tenant or Tenant’s guests or business invitees through misuse or neglect.

Landlord insurance is typically 10% to 20% more than home owner’s insurance.The following table shows the effect of just property tax and insurance on cash flow for an “identical” property in three different locations.

I suspect with all the identity theft going on, people are reluctant submit applications, to persons unknown.I recently re-rented my property through Craigslist, Zillow, which includes Trulia.

So I have an Agent I've been working with to run comps for me, interesting thing is her comps frequently put the property 20-30k above my ARV's everytime, just like wholesalers I see out there who are trying to misslead people.For example she recently sent me comps of a property that had an average ARV around 140k, the problem is every property on her list had nearly double the square footage, so these aren't even accurate comps at all.I use a program that allows me to search the MLS and runs comps for me and I feel like I'm pretty thorough in keeping square footage within a couple hundred feet, bedrooms and baths nearly identical and factoring in certain amenities like pools,garages ect ect.Do you feel like this Agent simply doesn't know what she's doing?