Hey Fellow Members,Recently purchased a home all cash (for negotiation purposes) and want to refi in order to start reinvesting.

basically when it comes down to estimated debt, is that something that I’m responsible for once I win the auction?

I put in maybe about 10 hours of work, no repair estimates, no negotiating with the seller, no landlord headaches b/c the tenant buyers are responsible for repairs under $700.

His name is Mel for the purpose of listing out our situationsHere are some of the realities of our situation:Mel has a lower FICO (610-620 I believe)My FICO score is higher (770)Mel has a W2 paying job where he is salariedI am a 1099 with two separate companies (Independent Contractor)Mel has been FHA approved up to $300k I have not because I don't have a "steady income" even though my income is higher than average, they don't like the fact that it is inconsistent because I am not salaried.We currently live in Orange CountyLooking in Pomona (LA County) and Riverside County for property because anywhere else $300k is unrealistic to find a multi or a SFR to flip.Now if you've come this far and read all that....

@Jennifer Hyman thanks for the response.

@Sam ShuehWhat would I be responsible to put up for closing

I wrote the above for informational purposes.

If that goal Is best accomplished by sharing this piece of InformatIon, then they can.The National Association of REALTORS Code of Ethics is silent on the disclosure of highest offers specifically, but does say this:Standard of Practice 1-15REALTORS®, in response to inquiries from buyers or cooperating brokers shall, with the sellers’ approval, disclose the existence of offers on the property.

@Stephen Kunen Thanks for your response, sent you a DM. 

Do you do that with part of the purpose being to help create affordable housing?