this is what happened in the 60's in american cities called Urban Renewal, Mass areas of cities were destroyed and along with it neighborhoods and and culture.

Hi Karin,The above you mentioned used to be the case with FHA flips that were probably ear marked to be sold to Wells Fargo as one of their secondary market conditions was two appraisals if the sales price was 20% or higher than the acquisition cost when documenting the 24 month chain of title.I understand your frustration, they (Wells) just want to make sure that banks on the origination front do their proper due dilligence with valuation and documentation of the value to ensure that they will not have to buy back that paper from the correspondent lender (unless your dealing directly with Wells Fargo).Its hard unless you ask but if you find a banker who is originating loans and directly selling/servicing their government loans to Ginnie Mae(GNMA) then they may not require you to have the two appraisal and additional procedures because its not necessarily a GNMA requirement but rather banks on the front lines trying to reduce their risk and requiring these additional steps from you to protect their behinds.Generally you may find that on Flips they may need the appraiser to go out and certify that the property also passes FHA's health and safety standards as well so dont be surprised (double strapped water heater, CO detectors, etc).In the past I've had to show excel break downs of work done, invoices, bill of sale's, and others too but that was back when New American Funding sold the paper to WF (not any longer =).

Warren strongly believes in the American economy and the basic common sense that in spite of hard times, people have to eat, drive, sleep, shelter, take care of themselves and every of his investment reflects the common needs of humans.

If the answer is no, would she have to form a corporation or other business entity for that rental property in order for her to be accepted as a client for a property management company. 

Brian, Dmitriy, and Jim Hitt from American IRA all have the skills and knowledge to you help you.

If I were you, I would get a job as a staff accountant, either for a CPA firm(if you have the temper-ment)  or an industry corporation.

And then I choose absentee owned excluding trusts and corporate owned properties.

However, in this scenario I’m still named personally on the loan which, according to my attorney, exposed me since loan payments will be made to my personal loan from the LLC (corporate veil pierced).

I might have to start shopping in your back yard.But that was in Canadian dollars so it's completely different than American dollars

At the very least houses bought for cash-flow should keep up with apartments because investors would buy them as investments if rent goes up and cap rates compress... plus you have that large pool of people that want to achieve the American Dream of Homeownership.