the guarranteed income is nice, but a poor credit score due to late payments tells the bank that it doesn't matter how much money she makes, she isn't going to give it to you ( the bank) anyway. if her credit score is bad because of misinformation on her credit report, thats a different story. i can educate her on how to clear that up. we need more of the story here. 

The appraisal report comes with 2430 sqft Gross living area. 397 sqft finished basement and 140 sqft non-living finished area (due to the wall of one bedroom is not high enough). 

When I look at the limited title report provided by the seller (the Pro Title dollar search I believe) I see both the first and the second listed. 

What would appear on the credit report in this case? 

Yes, I believe he would report his profit as a short term gain and report the share that he gives to me as a cost of the sale (like commissions, accrued interest, taxes, etc).  

Hi Nathalie, You only need to be afraid of the IRS and the Credit Reporting Agencies but, you're here on Bigger Pockets (Welcome) so, that's means you're a brave women.

I'm actually flying out to check in on all of them in the next month or so and can report back how they are doing, but most of the buyers I know going in those areas right now are all really happy.

Above all of the negative news and reports, you'll be surprised to hear who made the top 10 best markets for real estate marketing.Despite jokes that you can buy homes in this city for less cash than a car, Detroit has seen a resurgence, boasting a 16.2% return on real estate investments.Thanks Bigger Pockets!

The rent you reported seem to be pretty high for a property in the pics.

My purchase price kept coming up wrong in report.