Everything not to returned to the tenant if the place is left in the same condition as move in is referred to as a FEE.

Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

I use Bandit signs, I advertise on all of the social media outlets.

@ Oscar, that's what we aim for when wholesaling a property, but we aren't averse to paying more depending on how the deal is structured and the property condition.

Originally posted by @Dave Vogt:I thought about going more south or more east, I am still kinda open to it but I suffer from 2 conditions:- I do not like to drive/commute for more than one hour- I like to micro manage renovations.

You'll always be able to find a reason to not jump feet first into the market...perhaps instead, it would be worthwhile to determine how exactly you can leverage external conditions to maximize your success?

I started a women's book club near Tacoma about a year ago, and now there are 180 of us, and it is one huge happy hour, girlfriends, social events, lunch...whatever...all sorts of fun stuff.

The banks obtained the property through foreclosure and therefor are exempt from this disclosure (HUD homes will give you some information, but it's not a full disclosure of condition).

You can do the trash and conditioning later.

Who knows, they could be a bunch of lazy mooches.You'll also need to document the condition of the home, I believe at/before close as well.Good luck.