Am I required by law/regulations to have a working porch light?

Regarding tankless, the gas line and main must be able to support these; not all lines can supply gas flow needed for tankless.What kind of efficiency are you looking for?

I am predicting that by the end of 2014 demand for Crowd Funding will greatly exceed the supply of actual crowd funding investors.

Such increased values are not taken by insured lenders.I can't change what the rules are, lower of cost or market, 12 months in RE valuations (marketable assets are different, they go at current book value, a horse of a different color, but I'd also say in reality, that any security that jumped in a very short period to double it's value probably wouldn't be taken at current book as collateral as it would be considered a very volatile security).The rules and regulations as well as definitions are what they are, opinions won't change them, I didn't make this stuff up, they have been effective for decades longer than I've been in business.As I mentioned, there are folks on BP who disagree, some for the opportunity to disagree, some to validate what they do, some have other motives, but it is what it is, you'll do better my understand the how valuations are treated.Point made on accounting matters, we are getting off topic in David's success story as the topic. :)

The regulations were very stringent though, but I went through a large brokerage firm.

That's the case at the federal level.I also gave feedback to the proposed rulings, for more lax regulation, but you don't see me claiming I impacted any decision, I'm sure the CFPB got an ear full.

(VP Supply I believe sells Mitsubishi ones if you wanted to check it out).There are a few options mentioned for the hot water heater, but that may not be as big an issue until the one you have expires - and you will have to check how the house was split into a double and how easy it would be to split the water lines.

depending I your state regulations and MLS rules, this could work.

Actual Current gross rent $130,200k Expenses 80 k, I calculated a little high to cover the following 5 years. 130,200 – 80k= 50,200 NOI- P&I of 44,913.36= $ 5,286.60 net per year $50,200 x .10cap rate= purchase price of $500,200 Reduced rent.I lowered to rent rate on all units, three and two units, to reflect supply and demand, cost of living going up, people have less money to live on and I see it getting worse, state and local rezones' Future gross rent $ 123,600 Expenses 80k, I calculated a little high to cover the following 5 years. 123,600-80k expenses= 43,600 NOI – P&I of $39,008.40 = yr profit of 4,591.6 43,600x.10 cap rate= purchase price of 436,00 Rent out vacant unite @500 a month x 12=60k profit Am I wrong?

When you find the property you are interested in you can submit your Agreement of Sale and they will supply you with a Good Faith Estimate which you then can compare with others; and your shopping for a mortgage has begun.