Rents are fairly strong, and there is the east coast flavor that I miss(from New York many many years ago) I wanted to invest out of state, and I finally did it after 10 months of research in that area( I think the real reason was because I was scared...hahaha) truth be told..

Thanks David, it would indeed be scary if my property is the only one left that B of A is right side up in :)I would think there is someone out there that would loan $600K on a first with a 50% +/- LTV with a strong FICO.......but no income??

I've heard that it still has a pretty strong market.

Though I always strongly recommend that any and every home buyer gets a home inspection, it is always an option in the end.

I would STRONGLY urge you to learn your market BEFORE you buy anything.

Broker - someone who has no money, small operation in most cases, works a full time job in another field, has no money, no team, always looking for the easy way out with no real commitment, never buys from the bank.

My second extension I was pushed to either show a commitment letter,a 1003 application or a 3000 fee for extension.Tough to do when you dont even have an appraisal yet.

The use of the proceeds for cash out needs to be documented.At closing partial release will be defined in the note.Need a strong file-3 years tax returns, personal financial statement, etc.Must show a profit on Schedule C of returns.

I woke up this AM and heard some REALLY strong winds outside.

Thanks all, I'm not looking to commit a fraud I have way too much to loose.