Talked to the seller about seller fianced but she isnt thrilled about that and would rather not do it.Looking at 90% LTV max, 740 Credit score, can do full doc, this would be my 4th property.

I am told that likely means you have not created a profile since the new version of the site went live.

Luis, can you give me a mid score on this one?

short version: (total monthly rent) - (% of average vacancy and collection losses) = effective gross monthly income effective gross monthly - monthly operating expenses(these usually include property taxes, insurance, maintenance, management, and so forth.

We have a credit score just shy of 700 but our income is very low(est. $28k/yr).

Fred,To answer all of this correctly, it would take about 100 pages… But here is a short version… Also, You may want to start separate threads for bird dog’s and wholesalers and for FSBO’s… I treat them totally different.

If you have 550 scores, it tells me you can't handle money.If you don't make the payments, I expect a deed-in-lieu quickly and painlessly.

I don't know if it helps but my LLC has a great paydex listed with D&B since 1999 and high Business Experian score listed since 2001.Exit: I want to refi and hold.

This seems to be a very active - and extremely informational - place...Thanks for the welcome....and I'm hoping I get out of this with a credit score still above 700....especially with the lending industry going the way that it is....One follow up question - how do you find a GC (or other repair man) who is willing to do small jobs - I have a few places which could use small jobs (e.g. installing one window, some trim, hanging ceiling fans, replacing door frames, minor electric work, etc, etc, etc)...but everyone wants large remodel jobs - not the small stuff....Help!

Will it improve my score?