@Brady Lee,FNMA allows borrowed funds that are secured by real estate to be used for a down payment and cash to close, provided the interest rate isn't more than 2% below going market rate for such debt. 

Originally posted by @Lee Haenschen:I tend to do a lot more reading on this forum then posting.

Lee Smith It is located in the Willard park area of town just east of downtown...

Yes, I agree with Lee.

@Lee S.Cash for keys has worked every time for me

@Lee Liu has some excellent points, especially the part about comps, or being really dead on accurate with comps, being an art-or I'd say 50/50 art and science (or really stats and figures I suppose is more accurate) @Mike H. also has some good info, although he mentions "appraisers" a few times and I'm not sure if he specifically means people who are actual appraisers or not, but I'd say that the realtor he mentions who pulls her comps from properties so far off from what he's looking at, so that makes me wonder why he's still using that realtor.

Lee

Best of luck to you @Patrick H. and @Kate Lee.

Longer the lease the smaller the increase.Thanks for this tip Seung Lee.

I will get 1400 for my 4 br next week that I am all in for about 65k in Lee Harvard, comps about 120k.