To qualify you must be self-employed or own a legitimate business with earned income (LLC with rental properties only produce passive rental income and would not be sufficient). 

Make a fair profit, give impeccable customer service and once you have made a decent return on investment either sell with a strong rental history and projections or invest in vastly improving the property.

I went through the whole FHA 203k process and then right before closing ran into the self sufficiency rule about (payment can't be above 75% of total rent).

The one in five or ten that do usually don’t provide a sufficient return for the risk.

Did you obtain a sufficient security deposit?

My guess is that in the realm of amateur landlords the vast majority try to find reasons to accept unqualified applicants and in doing so open themselves up to risk.

If you have sufficient income to qualify for the property with out a tenant then you have the freedom to refinance before or after the tenant.

@DuBeaux Dingle as a Broker of 13 years the vast majority of agents anew not that bright, most are nice folks, just not so smart, and really not good with money, so big picture they are like most people, and they treat being an agent like a job to pay the bills instead of a means to freedom

As the Assignee, should we be using our own lawyer, or is using the wholesalers lawyer sufficient.

The vast majority of expenses incurred on the July18 property were incurred in 2018.