Once you are qualified for a 203..make sure that lender also uses the streamlined version of that loan.

They have a version that covers rental income which can calculate the depreciation for you.

I have no experience with hard money/private money but BP has a link to "Hard Money Lenders" under the "Resources" tab at the top of the page (at least in the beta version of the website).http://beta.biggerpockets.com/hardmoneylendersOut of curiosity, you didn't mention where you bought/rehabbed/sold your mobile homes or where your son is looking at houses… OH, FL, or elsewhere?

I also have tried the biggerpockets version but you must go through a lengthy e-mail acceptance policy and my less technology savy tenats would not be open to this.

I am using the free version of Rentec and once you get the hang of it is pretty good.

. :-)Probably a good market for using the same realtor to buy and sell  @Caleb BrownYa Bill I was going to point that out.. this is common in the mid west or low value asset areas.. the other fee's are RE brokerages version of Lenders JUNK fee's its just an add on fee..

Yesterday I got to sit down with the legendary 3-time-podcaster @Ben Leybovich to learn from his experience and enjoy some good ol' fashion BBQ at Joe's Real BBQ in down town Gilbert, Arizona.He shared with me about his house hack that he is doing in Chandler, Arizona with his primary residence and gave me some great advice on how to use AirBNB to help me pay my mortgage by renting out my guest house for my newly acquired home in Burbank, California.Not only did he give me some good advice about house hacking but he he wrote a book about it that comes out on the Kindle version on the 27th of this month.

@Rosy Bruno you can try to use Zip books...it's like a free version of quickbooks.

I'd love some feedback on it and would of course love to connect with anyone interested in running some numbers on a deal together.The projection is very flexible, allowing you to choose any sale month you'd like within 10 years (or none at all) and allows you to choose the month you refinance, so if you use hard money, you can easily see how holding costs affect your returns.Click this link for the dropbox folder to access the 'quick' and 'detailed version of the spreadsheet, happy deal analysis!

Now, in the recent versions its hard coded as 10%.Most people in that case would either walk a straight line or move out.