@Louis AlumbaughOne thing to watch out for is that most lenders will only only at long term lease market data on the refinance. 

If that park is like most parks 90% of the people that work there won't be able to afford to buy a house anywhere close to the area, and honestly probably won't be able to afford apartment rent anywhere close to there.   

They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.

I am closing my first property this week.

So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.

Then subtract this basis from your net sales price (contract minus closing costs). 

You way you are months away from closing.

First time home buyer programs to pay for downpayment closing costs and renovation How did you add value to the deal?

In a scenario where we sell the property (for round numbers purposes not including fees and closing, I have rounded the numbers as is) the profit is $800k , because it has been our primary residence for the last 4 years, are we still sheltered from $500k in capital gains? 

Hello everyone,I've been closely examining a property listed on Redfin and am curious about the estimated rehab costs for a project of this nature.