He owns his own business and writes off a significant amount.

You also have to factor if there is an HOA fee or any annual or semi-annual association dues, in some cases flood insurance.If they are off on the upfront numbers it changes the DTI and can make or break the deal.

My guess is they may just be proud of how it turned out and want to show it off.

She takes about 80% of the management burden off me. 

Have seen many investors ripped off by agents and contractors that screw OOS investors because they know they won't be watched closely.If you pursue, you'll need a GREAT & TRANSPARENT team.

1) Should I pay off my credit card on the due date or statement date?

It's originally was going to be but it's a flip now.Hi Curtis, even if the house is not rented there are DSCR options you can to that would go off an appraiser's fair market rent analysis.

I am a local investor myself and a Realtor, if you want to bounce anything off me feel free to reach out.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.

They took the ban off.