Now I am hitting road blocks such as LARGE reserve fund requirements for each prior loan in order to secure a new loan.

Are you becoming the owner later this month or is your date incorrectDoesn’t matter it transfers with the property but just curiousIf you have not bought it yet then push the closing date till after August 1st and have prior owner not renew lease

@Yer Xiongkansas City is much better for cash flow compared to sacramento.

The company I work for only requires the bankruptcy to be 6 months prior to get a loan, the interest rate will be higher and could cost more points depending on how good your credit has rebounded. 

@Hae Sun YiThe whole city of Chicago is hard to compare directly to a town like Naperville as far as rent values, property values and taxes because the city of Chicago is so large and diverse one neighborhood compared to another is really like comparing Naperville to another suburban town. 

As I've mentioned in a prior post, I've become unemployed in my industry of 17 years (banking - mostly in marketing analytics, market strategy and operations strategy - analyzing where to place new and close offices, etc based on market potential), and am considering a career change to maximize my future.

Which is why I typically call one landlord prior to the most recent for a more honest response

Being the prior owner kept the deposits the tenants may need to go after the owner to recover their money .

DTI is calculated by comparing what you currently earn to what your monthly recurring expenses are, plus your future expected housing payment.

Any defects in the tax suit are between the prior taxpayer and the foreclosing tax authority.