It will need a support beam running the length of the house front-to-back, and possibly a new roof.

The only thing you won't know is if the sale was an arms length transaction but good Realtors know their markets and some follow FSBO'S so they may know if the house was sold to a family member which would suggest a lower sales price.

measure the length and width of your walls that have the roof on it and find out the exact pitch of your roof then search the web for roofing calculator and plug your numbers in there.

Some lenders are now requiring some length of time for ownership of the new property - seasoning - before you can refi, but you may also find a lender who will do it quickly.The downside is that HELOCs are going to be at a higher rate than a normal first mortgage.Another downside is getting overly leveraged, or putting your primary residence at risk if you investing goes south.Jon

Are you prepared to sit on the property for that length of time?

.--- How much is available for a down payment--- Actual Rental Income/Pro forma rental income--- Vacancy Rate--- Average rent per unit--- Management expenses/Fee--- Estimated Appraised ValueThese items will help to determine if there are any financial constraints on leveraging your purchase.The good news is that the property might marginally qualify for a 85% loan, 35 years fixed @ 6.25%, non-recourse and no balloon.My investment criteria would disqualify this property for my personal portfolio as I run my properties arms length; i.e.

Same goes for length of employment.

Normally it means that you have not owned the property for the required length of time.

The length of time of your contingency would depend on how long you put.

Your buyer must let his bank or mortgage professional know the length of time you've been on title.