The type of Fraud are identified in the FNMA Selling Guide(1), page 134, which include:...misrepresentation of occupancyOn page 1167, Verification of Owner-Occupancy, does indeed spell out post-closing review guidelines.As a practical matter, Fannie Mae form 3034 (Uniform deed of Trust) requires the occupancy of the property as borrowers principal residence for "at least one year after date of occupancy."

I am speaking from years of experience handling the design and maintenance of three high end hotels in Seattle, Portland, and New York.Cheap carpet wears out three times faster than carpet that's only twice as much.If your flooring is top of the line, a few dollars a month increase will pay it off, and it's easy to get a few more dollars when your property looks spectacular.No matter what you do or say, someone's always going to smoke inside, spill drinks, potty train a dachshund, practice naked yoga, and/or feed their kids too much sugar.

You may be better off waiting til your score improves, or perhaps you'd be better off paying down some debt.

but I'm married to a career Navy guy so this was our last, chosen, stop before he retired in October.I am a physician looking to replace most of my clinical salary so I can practice as much, or as little, as I'd like...while healthcare figures out what it's going to do with itself.

Has anyone had renters do improvements on the property this way?

If the reasons why you're taking the classes is because you need education on a particular aspect of real estate financing then would it be better use of your time to learn that specific aspect from someone who knows it and then practice it in the real world?

The cost for repairs can vary significantly, depending on the 'quality' of the improvement.

Any improvement in vacancy rate is mostly profit the way I calculated your expenses.

I feel I have a knowledge and understanding of the market in this area as I have practiced both residential and commercial RE for a few yrs now.

I focus my practice on business litigation, evictions (commercial/residential) as well as partnership disputes, construction/home improvement litigation and real estate transactions.