I wanted to get some conversation going about the "4 Loan" rule that the lenders are sticking with at the moment.Keep in mind that I am talking about direct lenders/mortgage brokers, not hard money or other more creative owner financing in this topic.

I do remeber part of our conversation, and if I remember correctly, the topic was based on someone "flipping" the property to someone else but never taking ownership.

Seems like it would cost far less to hire someone to do the work than to pay $1.00 per item.

Just an example to your statements that seem to be very harsh, on some topics.I agree 100% with item # 3, 4, 5, 6, 7, & 8 (except lose the key in some cases).

That is exactly the conversation I had with a friend of mine.We bet there are many in the gay community who are outraged that the rest want to make "marriage" possible.They are thinking, "sorry honey, the state says we can't get married, I would if I could" and in the back of the mind is thinking, "great, I don't have to give my partner 1/2 in case it doesnt work out"

I also remove swingsets, diving boards, and other injury causing items when I buy a property.

Conversely, if I has bought 2 and put 50% down on both - and the market did not work in my favor - I'd imagine that I wouldn't want to be in that position.

I had a conversation the other night with a "motivated seller" he said 4 times in the call "I just want to get rid of this".

My next door neighbor was robbed about a month ago, most likely while I was home, and I am dumbfounded how someone has the nerves to walk out of a house with a mattress (in your case) or a big screen tv and down a long set of steps, and a number of other big ticket items (in the case of my neighbor).Like Joshua mentioned, lights on timers are a good idea, but I imagine that these are not your garden variety criminals that are used to stealing packs of bubblegum from Walmart.

There are no deductions for anything you're doing, with the possible exception of specific items like energy efficiency improvements.