I see the 10% as well, I would verify you can get that in your market with no experience.  

We typically also get an HVAC inspection, because most general inspectors won't verify more than the age of the unit and whether it turns on and off.

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But as being a self-employed person, it will be harder to verify your income and qualify for a loan.

A day before each loan they would call three-way with my work to verbally verify I'm still an active employee.Lst year I barely had enough to buy all four houses in the same month, so I also took a loan on my 401k and cashed out my health savings account.thank youGary 

Otherwise, it cost nothing because I filed an affidavit of exemption form along with the grant deed verifying that the property wasn't actually changing ownership, it was merely a "change of name due to marriage", which exempted it from the normal fee.It was really quite easy to do. 

Should we finish the least that ends in Dec or make the jump on a house hack while i have verified income.

Any stories-divorce ruined my credit, have been living with relatives, just sold our house, people in a hurry to rent, people offering money up front, etc verify.

And they will need to see you have enough to pay your contractors until they reimburse you after they inspect the property to verify that the work has been done properly.Even if you were to find a lender willing to put up all the money, your lack of reserves will definitely cause you major problems somewhere along the line, especially if this is your first flip.I think you need more education and savings before you take on your first project.

I've read that "Senior Liens" stay with the property after the sheriff sale, how would I be able to verify this information before bidding on a property?