Also, is no money down really something that is possible?

I guess I should have been more specific in my post.I offered to put her in a cheaper unit and the truth is, she is moving in with her dad so that she can save money and buy her own place.

A novice tax lien investor I had advised came to me one time and mentioned he worked for one of the national tax sale trainers.

In most places a mortgage is going to be less than rent-otherwise landlords would lose money.

We'll also will call the BPO agent sometimes to confirm data on it to get more details(another way to figure out the quality of the report pretty quickly).Also keep in mind that bad BPOs can make you money too, like when the bank is using that for example, and you have quality boots on the ground giving you a more accurate value.

Like any market, there are risks and you need to have the right team in place prior to buying a property or you could lose money.

Just remember you dont always make money when you do a flip . 

I'm looking to buy a home now but larger banks such as NFCU seem to want tax returns that show lower DTI numbers, which is causing me issues as the accountant provided substantial writeoffs on my returns. 

The "failure rate" or "Pass-through rate" is where the loan officer is fighting to get an application to make a paycheck and it taking anything they can get but not putting in the work up front to avoid lost time, lost earnest money, and lost clients for realtors!

2) In a cash-refinance, let's say the new appraised value of the apartments is $1.8M, does this mean you can apply the $300k into the HELOC and not pay taxes?