An local architect is a good person to ask to see how likely it is that the variance will go through.Also, when applying for a variance you have to publicly announce it (in the paper or with a sign on the property) so any neighbors who may object have the opportunity to do so.

Private lenders are always available, starting with people that love you, spouse, parents, relatives, and working out in your circle of friends.

I have relatives who have helped people to get Mods and if they werent successful they usually got a listing.

I haven't done many sales to VA buyers (just because VA buyers make up a relatively small buying segment), so I don't know how VA underwriters do things.

If it was in good physical condition, then probably:The loan payment was just too high relative to where market rents are, and they had no reserves.

I've looked at possible expenses related to this, but wonder if there is a 'simple formula' to quickly vet the potential of a property?

Yes, I've compared the property to recent sales and I realize that by itself, the current value compared to the bubble value is about as useful as comparing the relative bubble/current value of a property in California to a bubble/current value in a Florida submarket.

Contract Law 101No contract exists without consideration from both parties.Legal Elements of a ContractThe essential elements necessary to form a binding contract are usually described as: • An Offer• An Acceptance in strict compliance with the terms of the offer• Legal Purpose/Objective• Mutuality of Obligation – also known as the “meeting of the minds”• Consideration• Competent PartiesConsideration is an essential element of any valid contract.

I plan to spend my attention on sfr and multi-family over next yearI have consider northwest of Milwaukee for buy-hold since I have a ton a relative in that areaThis my personal current breakdown of SFR~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling -> northwest of Milwaukeerehab / wholesaling / buy-hold -> suburbs This my personal current breakdown of Multi-family ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~buy-hold / wholesaling / rehab -> suburbsbuy-hold / wholesaling -> Milwaukee depends on zip code / areajust my opinions

I have never been to the island yet, some of my relatives reside there or visit.