Do they return phone calls promptly, answer questions, even if the answer is "I don't know but I'll find out", show up on time for appointments and otherwise keep the commitments they've made.In our community, it is common for the realtor to set up an MLS feed, using your parameters for area, size, price, etc.

Then to remain active and have access to the MLS it will require monthly brokerage cost, quarterly dues, annual membership renewal fee's etc.Make a plan, take action, remain committed and reap results.

They both take a fair amount of time and commitment so if you are looking at grad school they may have to wait.

@Matt Devincenzo Yeah, sorry for the confusion about the post, its late and didnt realize how poorly that read, my apologies.If i were to try and get a cheap apartment, then it would not be an FHA loan, so I am not trying to commit fraud.

Third, get him to commit to a plan to shave some expenses and put funds towards overdue balance.

What paperwork should I use to ensure the commitment of a new PM lender?

We visit every property, however, before we issue a loan commitment, and in 99% of cases, we see the inside as well.Since almost all of our loans are rehab loans, we expect the exterior and interior to be in disrepair, so a shabby exterior is not a deal killer.

Inspection has been scheduled and financing/mortgage is rolling to be ready before settlement.I just sent an email to my agent to see if he can get my a copy of each of the tenant's leases and the 2011 and 2012 tax returns for the property.Next steps:Inspection results should be available early next week and mortgage commitment should be ready next week as well.Right after settlement, I will get the vacant unit fixed with a contractor lined up.

Yes....but..Your pre-approvals likely are based on your current financial standing, upon purchasing one of those properties and the loan finalizing that financial standing will change and the second loan approval may no longer be available because it was made based on your DTI without a mortgage payment.Also whatever loan is going to be on the rental your approval would need to be based on a non owner occupied loan commitment from the lender.

I offered this work to the old contractor but he couldn't commit to any timelines so the new contractor just started on his own taking care of everything.