Thanks J, I love detailed examples like that.Jimmy or to others that might know; is it right that if I were to get a co-signer for my primary that I would still get as much credit for home ownership as I would if I was pre-approved as long as I didn't miss any payments?

I couldn't determine the age of the water heater in the unit.

As for comps, I look at sold, active and also what did not sell, the expired listings to determine a base price point.

Not sure if your county assesses like Wake County, but in Raleigh, my last actual tax assessment value was determined in 2008, probably based on 2007 sales, and we pay taxes on that value until reassessed in 8 years (maybe 6 years, not really sure).

As a starting point for screening absentee owners, I suggest these parameters:- 40% equity or more- at least 7 years ownership- 3-5 bedrooms (I'm assuming you're looking for SFH)- Not corporate or trustee owned A cool feature from Listsource is the ability to find properties based on geography.

The asset structure that is best for you (if you really need one) is determined by your own situation.

I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.The loan package consists of a 6 month IO construction/rehab loan where they will loan me 75% of estimated ARV now, then refi into a 30 yr fixed when work is complete.The ARV is determined by the appraiser based on comps and based on a list of improvements that I intend to make.

David MorrowHi David,I wanted to commend you on your focus and determination.

The other thing is to determine if the author of any technical subject is actually qualified to give instruction, being successful doing XYZ and making a million means it worked for them, not that anyone else can duplicate that nor is having made money any qualification to actually teach others.

I am determined and committed to making this work however at this point I'm at a loss as to what to do next; send 45 more yellow letters or purchase 3-4 bandit signs??