Apparently, underwriters are now code enforcement officials.

I've never believed in the percentage they stun your income since there are too many variables as to what your actual expenses are, your job security, your age, your safety net, your reserves, etc. etc. etc.

The previous owner may have paid a security deposit - ask for that.

The one question i get is "How can you assure me that you are not going to sell the beneficiary interest to othe investors" What can i do so these investors wont feel more secured when buying my deals.

Another idea I had was to keep a credit card on file and charge it on their move out for any outstanding balances if the security deposit doesn't cover it.

So for every phone call I get (when there's a vacancy), 7 aren't interesetd when they find out where it is, 2 are being evicted from somewhere else, and the final one has to jump through several hoops to get the first month's and security deposit together.

I am thinking that this scenario would be a good way to give lenders security for a line of credit without completely sapping the ROE if one wishes to take a passive role in the underlying asset instead of managing the project.

They did not put down security deposits (why do you think I got such a great deal on the short sale:)) and I want to convince them it is in their best interest to just leave.

If it's a secured investment, the custodian will likely need a copy of the promissory note and DSD, which would be provided by the closing attorney or whomever you have write them up;4.

My contribution equals approximately 85% of the “all in” costs through bank funds I’ve secured.