This is what you will need for a conventional investment property mortgage 100% for sure.SFR 20% Requires Down2-4 Units Require 25% Down620 Minumum FICO (any open derogatory items must be taken care of)45% DTI requires 6 months PITI reserves45-50% DTI requires 12 months PITI reservesFICO and LTV effect your rate so the more you put down and the higher FICO you have the better interest rate you will receive.

I live at the lake, and no doubt lack of water effects property values here, but city policies also depress values.

So would the isolation of my island effect the number of investors interested in flipping/purchasing real estate?

You may see yard gnomes, plastic flowers, statues, it might not be your taste but you know these people have pride of ownership.

These properties would have already been taken by the banks by now if it wasn't for the 'robo-signing fiasco' which effectively restarted many of these foreclosures.So there you have it on 'Ghosttown' (nickname for Irvington by some of the young locals).

Dawn, I assure you, you would have fit in just fine, all you'd need to do would be to put a flower in your hair!

I was worried about what that was going to do to my plans to build new houses.It's a long story but the net effect was that construction went CRAZY all over the state for a couple of years.

This is the after-effect of hurricane Sandy, the recent Colorado floods, and other flooding/natural disasters.

In the winter, less heat/cold will effect home.

My understanding it is in effect till 12/31/13.