Yea it's supposed to be 70% LTV I was being rushed out of the house by the wife and have been dealing with too many numbers today.X out the "selling a note" we have established that I will be creating one.There's a nugget!

A few other things you will need are an established realtor that will list the house at the right time and sell it fast and check comps before you buy, a backup contractor in case this other person doesn't follow through or needs help finishing in a timely manner and possibly secondary financing in case you need more money just to finish and protect your initial loan.  

FHA security instruments require a borrower to establish bona fide occupancy in a home as the borrower’s principal residence within 60 days of signing the security instrument, with continued occupancy for at least one year.”I am a HUD listing broker and the HUD requirements for owner occupants is one year.

I plan on calling within the next few days in order to establish a relationship and proceed with a project.Thank you.

For that matter, $400K could be sucked up and still need more.The wonderful thing about ebay is that it lets values be established for pretty much anything.

Anything less is gambling not investing.

All you are trying to do is establish a business relationship with these people so you can legally pitch them later.

As a landlord, you know that if you don't charge for damages, fees and rent as they are incurred, the security deposit is rarely enough to cover those accumulated costs at the end of tenancy.About the unauthorized occupant... if they stay past the time frame that you allow for guests and/or establish residency, they may become a tenant by default.

Multiple business entities each have their own purchasing power once their credit is established and there are ways to do that.The second is protection against liability.

Some decide to go with commercial and others stick with residential.I have reviewed some of the examples given by the TK companies and even the well established ones I found to be optimistic meaning I wouldn't use those projections myself.It's a choice of what is acceptable to the investor.