You apply for  permit every two years and pay $434 (not refundable).

It's been 2 months since I'd applied.

When they can't buy and realize they're not getting their $29,000 back or it is not getting applied to the purchase price, they get mad. 

If you agree on a cap rate, you can make your offer based upon the cap rate applied to verified income.

I'll do what I can to keep them comfortable, but the word "emergency" only applies to something like a fire, not a broken appliance. 

@Gaetano Ciambriello it's important to note that this only applies to Fannie's likelihood of issuing an approval on the automated underwriting system.

Not sure what they are going to use as the income cutoff, but was told to apply for a low interest loan and if approved and income is under cutoff it will become a grant.

I may apply for the job.

The expressions, "you get what you pay for", and "you don't know what you don't know", really apply here. 

@Bill Brandt I was told the last 2 deals fell through due to financing. 1 buyer just couldn't get a down-payment and the other applied for a loan but failed to tell the lender it is a commercial property.