GOOD AND VALUABLE CONSIDERATION: I have received good and valuable consideration in signing The Agreement, and I acknowledge both the receipt and the sufficiency of the consideration. ________ 4.

To answer your question FHA is the easiest way to buy this 2-4 unit property building if you dont want the underwriter to question the distance/commute of your main income source then you can use the "kiddy condo," method which is you are the primary occupant and the income used to qualify is from a co-signor on the loan such as parents, family, or relatives.If you have a job the UW it may draw suspicion like another LO above mentioned since its not realistic to have a primary residence that far from your occupation.

This explains the need for me to go back to the drawing board and consider what I am capable of doing now with the resources and capabilities that I currently have.

They way that works is lets say the lender does 3 draws for 18,333.

this can vary considerably depending on the market and who is doing the work,.

A difference is that if you're borrowing rehab money that's typically held in escrow and released in "draws" after the work is done and inspected.

He could rip apart your contract or prove no consideration, etc.  

@Tiffany Plovie I will take your advice under consideration, I guess the biggest delay was that I was dealing with this situation personally rather than business like, and need to put the personal aside and handle the business at hand

I plan on staining the kitchen cabinets, adding draw pulls, and laying down new tile.

I always had this draw to own real estate (but being younger than ten, that wasn't really plausible) and as the years have crept on (I know, I'm only 22, y'all are saying "10 wasn't that long ago for you.")