I actually looked up the underwriting guidelines and got the low down on reserves, LTV, rents showing on 2 yrs of tax returns, etc. 5-10 underwriting is stiffer, but not that bad.Now with Ben saying that rates will remain low for at least two years, the pressure is off to grab these rates immediately.

I'm not familiar with Oregon real estate, but I've been doing this for 3 yrs here in Texas as a licensed agent for a brokerage that specializes in wholesale deals.

Rents in my area close to market..Advertised $750..Sect 8 approved $702...rented section 8...The $48 not a deal breaker..rented 2 yrs and up for renewal...Screening for Sect 8 the same except for income requirements..Good luck!

Remember, if your tenant has any children under 6 yrs old, you can have no flaking paint anywhere on the property, including the garage.

This is my understanding, please correct me if i am wrong. if rental on tax return > 2 yrs, thenneeded reserve for that property = PITIA - 0.75 x rent x number of months ( 6 or 2 as the case may be)otherwisereserve = entire PITIA x number of months (cannot deduce rent) The reason I am asking is because right now I have one owner occupied and one rental for more than three years now; the PITIA on the rental is a lot ( about 4K) and the rent is around 2.7K.

Here is what I meant on the comparison you used' Option 1 option 2 $100,000 Money spent $90,000 $1500 Rent $1800 $750 Operational expenses $900 $200,000 10 YR value $90,000 Why would anyone want to spend 10K less and lose $110,000 in the 10 yrs?

I was 3 yrs into some of them.

The place has 13 yrs of a 15 yr loan left on it.

They have a home that they bought 30+ yrs ago.

Would it be better to finance the property for 15 yrs at 2.75% or for 30 yrs at 4.25%?