Oh, and one more thing:The qualifications to become a real estate agent and the role of real estate agents hasn't changed in the past 5-10 years, yet all the real estate issues we're discussing have occurred in that time period.

To comply with the law, don't you have to take the first applicant who meets your minimum qualifications (in the order of the time they applied), regardless of whether the second applicant, who applied later, is more qualified?

So, any "unecessary" contingencies like "finance qualification" and "inspection period" will simply make your offer weak.

I do thank you Scott And Michael. you're right The only qualification is the desire to do it and I have that I'm a humble person and I'm not afraid to sound stupid or ask questions to get to the next level.

VA and FHA loans use to be assumable, then moved to an assumability but requiring qualification.

As I stated in a thread a year ago, I qualifed for SS of a whopping $749 per month.

Should one make the lease only with the one who meets the qualifications so in case they move out the tenancy ends for all?

.), the lack of inventory for buyers, and mortgage qualifications being tight, I don't see a major pull back in rental rates. 

Most will need to be under an institution due to asset requirements, but that can be in the form of a bond, I doubt it will apply to any attorney as you have already jumped through this and you're acting as legal counsel.States may have educational requirements to be a broker who will oversee or sponsor an originator.So, the level of sophistication and experience may well be dictated by insurance companies accepting the risk rather than a state determining qualification. :)

So I'm really confused about how to qualify for FHA financing. Everything is so vague and obscure when it comes to mortgages. Here's my question:It's my understanding the debt limit is 46.5% on the front end and 55% o...