That means that even though cashflow-wise, I am in the same position as I would have been by renting, I have increased equity in the property (net worth) of $7,500.(2) Unlike rent, everything else I pay for is a tax deduction with the exception of the portion of some expenses attributable to my personal use of the property (the 12.5% of the property I use myself) rather than my business use of the property (the 87.5% of the property that I rent out to others).

I have a duplex currently under contract to sell for $84k,  in a mid sized metro inner-city.  

For all those wondering, here is the relevant portion of Fannie Mae guidelines B3-6-05:"For all student loans, whether deferred, in forbearance, or in repayment (not deferred), the lender must use the greater of the following to determine the monthly payment to be used as the borrower’s recurring monthly debt obligation: 1% of the outstanding balance; orthe actual documented payment (documented in the credit report, in documentation obtained from the student loan lender, or in documentation supplied by the borrower).If the payment currently being made cannot be documented or verified, 1% of the outstanding balance must be used.Exception: If the actual documented payment is less than 1% of the outstanding balance and it will fully amortize the loan with no payment adjustments, the lender may use the lower, fully-amortizing monthly payment to qualify the borrower."

This property fits the bill for us in terms of location (proximity to work for me) size and it seem like the numbers are working in our favor.

There are mid-size brokerage firms that do great training and offer compensation split somewhere between the KW/L&F and the flat-fee brokerage co.

It's almost 3000 sq ft and priced at $115k in a neighborhood where rehabbed houses of that size can go for 200k-215k. 

That leaves me $750 for my loan and cashflow and thats with a good size downpayment.

I'm a smaller size brokerage in the Seattle Area.

I'm actually in the process of starting direct mail and working with a team to get this portion of my business up and running.

When starting out as a first time rehabber being denied a traditional loan but having a good sized down payment what would you do?