Matt, while you're correct, it is only to a degree as Phillip points out.

No one will consider me because debt to income ratio but yes you are correct this would definitely help my ratios after a year on my tax returns.

You will only be taxed on the profit provided your return is prepared correctly.

Can I rely on property managers to rent it out (to the correct party) and also help proactively in fixing things?

Albert Hepp Obviously you are going to want to get the tenant's social security number AND verify that it is the correct one prior to them moving in.

But I'm going to guess that since you are looking at low-down loans that extra cash is not sitting nearby to do that.You are correct that I do not have enough liquid funds to bring the unit to 70% LTV most likely.

The Value is correct tho based on the address she gave me and my comps.

You pretty much did the same correct?

However, the response i got each time was that the Section 8 program (actually called the Housing Choice Voucher Program to be technically correct) is adminstered separately by each county therefore each county can make up different rules for how it operates.

Originally posted by Ibrahim S:.... 7 bedrooms in an upscale neighborhood, particularly if it has at least 3-4 bedrooms is money in the bank, sold or rented. ...I assume you meant that emboldened instance of "bedrooms" to read "bathrooms", correct me if I'm wrong ...