As you see from my post, formatting doesn't works.I'm not sure why it wasn't working in the post you pointed out, but it works using the formatting buttons in ADVANCED reply AND by just typing the appropriate BB Code on your post.

So in regards to who holds responsibility for the appropriate evaluation of the FICO, I can say that I think that belongs to the lender.The premise of my argument is based on the credit score being the objective parameter and all risk based decisions revolving around it being what should change.

Many of the properties I'm looking at are moving quickly, which leaves me less than a day to estimate how much work needs to be done to make an appropriate offer.

What is an appropriate range for the cap rate in "this market"?

At property #6, we can withstand 100% vacancy, by #12, only 50%, by 18, only 33% and so on.We plan to mitigate that by building appropriate reserves, and just as important only picking up properties that produce enough income to rebuild those reserves should they be called upon.

You mentioned three seemingly pertinent data points in your post:- You want to quit your job;- You're probably making about $50K in income at your job (you mentioned $100K for both you and your husband combined);- You have $20K to invest.Just to set expectations appropriately, consider that a great real estate investment will probably generate about 20-30% cash-on-cash return (about 20-30% ROI each year).So, with $20K to invest, if you find a great investment, you're likely to earn about $4000-6000 in cash-flow each year.That's a LOT less than the $50K it appears you're trying to replace.In addition to that, you may need some cash reserves for things like renovations, repairs, vacancies, etc -- so don't spread yourself too thin on the purchase.I don't mean to burst your bubble, but wanted to ensure that you had realistic expectations for your investments.

The 401k will send the funds to the title company who will disburse them to the seller, borrower, or whoever is appropriate.

Does this seem appropriate or am I way off base?

Regardless I agree about the condosthat why I mention 4 visitsRehab estimate was not a bid for work ,, fyiI was providing a worst case for properties in area Jarrid mention ( cost analysis )Again,, I just know the area and not what insideof the actual propertiesUwe ,, if you provide mentoring to Jarrid I would love seat inside a few sessions- quietly and listening -Most individuals - I know our running from bad area Jarrid ,, I'm a family oriented person My first thought was where would a person want to raise a family or be able to move the property easily when market changesMeaning cash out a little easier versus 80%+ seller financing – down the road –Jarrid ,, here a link to Milwaukee match rehab for owner occupied propertieshttp://city.milwaukee.gov/NeighborhoodImprovement/Home-Rehabilitation-Program.htmYou spend $2 and city gives back $1 (up to I believe $14,000 est )Let’s say you spend $14k estthen city of Milw gives you $7k est backcheck arrives within 2 months ,, fyiAlso their might be a existing Milwaukee city loan program( search internet - my suggestion )You might qualify for Milw loan program before your income risesExample ,,My mother used Milwaukee loan program - replaced her siding about 12 years ago - loan program interest rate was extremely low back than ( less than 2% ) - she lives in a nice area ( fyi )City of Milwaukee most likely might have a teacherhome ownership programs ( search www )This been a link I been viewing weekly ( fyi ) - http://city.milwaukee.gov/ExtendedListing.htm If you go the rental route http://city.milwaukee.gov/NeighborhoodImprovement/Rental-Rehabilitation-Loan-Pro.htmTheir programs for OCC ,, I know due to fact I have a family member working for Milw lead base program over 12 yearsMust be Milwaukee resident to qualifySorry for long reply - Uwe got me going –We all have passion for our own states / communites

Tag them appropriately.2.