I know everyone has their own requirements, but for me I would like to see a higher planned return.

How about IRA requirements, for instance to be a real estate professional you need to document x# of hours (which is nearly impossible to do w/a W2 job.)

Hi Tyquan,There are lenders out there that does not require experience!

Almost every time they require additional cleaning and most cleaners hate it. 

Another question would be, how reliable are these documents that I create online?

Just want to be careful on which broker/lender you use because some of them have a prepayment requirement and try to stick you with a 3-5 year prepay.There is also a 40 year I/O interest only but its only fixed for the first (10) years.Make sure you know how many months reserves they require before you get to deep into paying for the appraisal and then find out the deal is cancelled in underwriting.

By making extra payments or paying more than the required amount, the borrower can accelerate the repayment schedule and potentially save on interest costs over the life of the loan.

As long as you meet the seasoning requirements you should be able to qualify for a mortgage based on the As Is value.  

It seems like with the low purchase price we might have to use one of the online calculator type services.

There are some requirements with my account on the ability to withdraw regarding how much you can withdraw at once and how frequently you can withdraw.