The property was our primary residence from March 2010 to June of 2013.

ok so I was reading March 25th 2015 BiggerPockets blog in the blog at the beginning it talks about that you have to 30% of the property before you can get another loan I'm not sure what they mean when they say owning 30% of the property can someone please clarify to me what exactly he is saying?

The bedrooms will get new flooring and fresh paint.Other projects planned for this rehab:- Replace a window- Replace the front door (possibly the back door too)- Massive amounts of cleaning- Update smoke detectors and add carbon monoxide detectors, new locks, window treatmentsThe closing date per the contract was to be no later than March 31, 2015, however the title company is having issues getting the required information from the HOA, so we may need to extend out closing a couple days.

What I write here today (March 26, 2015) may not be correct a few months from now, so it is important to form a relationship with a Loan Officer who can keep you informed as the landscape shifts.

Sellers with school aged kids also like to move over the summer vacation and often hold back listing or advertising their existing house for sale until March or April.

Contracts signed March 13th, delayed closing due to the loan application on the fourplex and just closed it last week.

Need help on a probate lead that called from our direct mail campaign: The property was in probate about a year - the will was contested so the executors (2 brothers) just got full posession of the property in March.

Now I've got cash in 1031 escrow while I look for another property (tick, tick, tick...) to hold as a rental.I also want to get into wholesaling, I started a direct mail campaign in March (300 letters) and April (250 letters) and have had 7-8 responses, but so far no motivated sellers...

Just get a plan b and c lined up for the lending.

See this 6/18/13 article from the Detroit News, "Downtown Detroit rents go through roof":"Detroit — Residential rent prices in the gentrifying neighborhoods of Detroit are steadily marching upward, climbing in some cases by $3,000 more per year for the same place, and landlords are pushing them higher at every opportunity.That’s because the rent is still too low for buildings to pay for themselves without relying on government subsidies and foundation dole, developers and city economic officials contend.