Fannie/Freddie loans just carry better rates and terms (in general) so we try to go for those first.Here's some bullet points on how income is calculated with Fannie/Freddie and S-Corps:W2 income – that’s easy, you probably understood that your W2 income can be added TO incomeK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added alsoAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomeAnd then they would average 2 years of these data points to come up with your "qualifying" income. 

I'm writing a paper on real estate investing and I'm looking for research on the expensive REI programs that are out there - I have googled it and have been unable to find any information.

I assumed they would have setup the insurance accordingly, but when the house fire occurred i found out that the agent didn't convert it to a landlord policy like i asked, but instead left it as is, but added personal property coverage and added appliance coverage.

I also when its someone new .. will google street view.. get the person answering the phone to describe what her office location looks like  or I will say hey is that a McDonalds across the street from you when I know its a burger king.. then the other thing I will do is make them recite some information on the hud that a scammer would not have access to.you simply cant be too careful.. millions of dollars a day are being lost in this manner. 

But your message caused me to hit the google again :)  I'll tag you and post the links back on my other post where there was a little more engagement.

I'm sorry I should have added that we're very likely to be upside down with what we owe and what someone will want to pay for this home.

But, since we've had incredibly low inventory recently, and the number of homes on the market now is still lower than it was in 2012-2014 in this same time frame, AND the fact that jobs are still being created here (Google and Apple building new campuses for example), I think a slow-down is still a ways off.

On the other hand, if you are tearing out load-bearing walls, redoing the plumbing and electrical and adding a new porch, you would need a different coverage. 3.

Balance out your own convenience and comfort when you're in town with the added rental income when you're not, and it may make sense.

View report*This link comes directly from our calculators, based on information input by the member who posted.I dropped the price for each unit by $50, but added in the additional income from the garage spaces ($100 x 2/month).