It's when you start making a LO like a LC that gets you into trouble.The Option Consideration is NOT part of the DP. 

They commute from Camp Verde or Cottonwood, which is 30-40 min each way (assuming the 179 isn't backed up in/out of Sedona)

I'm not sure how legal that is, but I know it's ok to do that on a LO with a residential.

Does anyone know the technicalities of setting up a LO with a seller that has tenants currently in place?  

.:1 - pays RE Commissions, closing fees, etc...2 - gets ONLY the purchase price as income3 - has higher, and immediate tax issuesSeller sells on a LO, and...:1 - There are no commissions (usually), or closing fees until the option is executed.2 - gets, as income, the purchase price AND...rent payments (cash flow)3 - delayed large tax impact

Monterrozo - There is a Los Angeles meetup, and we've merged with a South Florida meetup over zoom.

If it was unpaid time off, send in the last full 40 hour work weeks paystub, and the one immediately before that that.I often ask hourly employees for two months of paystubs just so I can cherry pick out one month of 40 hour work weeks instead of having to go back and ask for more paperwork or a LOE or blablabla.

@Lehi Alo I'm all in on Oklahoma!

I am a Los Angeles, CA native and have been listening to the bigger pockets podcast for over a year now.I work as a firefighter and love my job, but don't see myself staying in this career until I am 57 years old to receive the full benefit of the pension offered.

I have a pre-approval for a Lo-Doc, non-owner occupied loan up to $500,000, 25% down, 6.25 interest, 30 years -- and my loan stipulates whatever property(s) I choose, the 30 day market rents have to cover the total payment (including any HOA).