I offer unlimited number of mortgages as long as: your income on the IRS returns qualifies; OR you have 24 months bank statements with deposits in one account to show the income; OR you have plenty of liquid assets as in checking and can make it on asset depletion; OR the subject property can qualify with rents called debt service ratio- rents used are either the actual lease plus deposits or what the appraiser considers the market rents less principle interest tax and HOA. 

This isn't a matter of mobile home park owners being short sighted.

You can also offer a balloon payment at 5 years, which allows you to strengthen your credit, lower the principle, and refinance before the end of the term.

My husband leaves in 3 weeks with only 5 days at the hotel reimbursed so we might buy sight unseen.

Hi Friends! I’ve been looking into property auctions lately. These properties are usually sold “as is” without inspection. Some have active renters, so even inspecting the property’s exterior close up isn’t possible. ...

Unfortunately, it's a seller's market right now.I have seen some really outlandish demands, such as "Sold as-is, no contingencies, sight unseen, all cash"Jessica - IMO, you should not proceed if you're uncomfortable with that arrangement.

He does an excellent job of breaking down different real estate principles and concepts that you will need to know for your natioanl exam.

We would prefer to make interest only payments for the first 24-36 months while we increase the rents in the building as we believe current rent roll is below market average, cash-out refinance and pay the investor their full principle amount.

If you are…go for it and maintain sound business principles.

Realtor, sight unseen, no prior experience.