I suggest you convince them you have the ability to buy, I might add I'm no longer interested in that property.

Have the candidate see a RMLO (mortg loan originator), check on the ability to repay rule.

A plus would be the ability to design rooms like kitchens and bathrooms with the program.

This is where you get into trouble if you deny an applicant the ability to apply.

By forming the LLC you would gain personal liability protection but lose the ability to refinance conventionally in that 5 years.

As a lender you'd want to talk to your secondary markets gay/gal to make sure your ability to sell/service on expanded guides is available but bank overlays have limited this niche.

This helps the self employed borrower plan easier since you'll only need to focus on one year.Self employed refers to any borrower who does not receive their income purely from W2 and does not own the income company that provides the W2.Continuity of the profession or employment activity is definitely a must as the underwriter is looking for a consistency in your cash flows if you have no consistency how are they supposed to make a determination on your ability to repay a loan right?

As someone who is living abroad.The world is rapidly changing, because we are becoming highly globalized.With the ability to fly almost anywhere within a 36 hour period.The internet is allowing me, living in Korea to write about this.My new smartphone is more powerful and has more hard drive space, (plus I think it's amazing) than my first computer.You concern that American real estate is going to become like the manufacturing sector is interesting, but nothing to fear.You job as an investor isn't being outsourced.Would you feel the same way if (insert big bank, BofA, etc) came in and bought all the properties?

Most portfolios are sold with the Buyer's ability to move management as they see fit.

I just never seemed to have enough money, knowledge, connections, lending ability, experience, too young etc. etc I was acquiring information but failing to actually do anything with it and failing to seek out and develop my "Unfair Advantage" as Brandon Turner so aptly puts it.