That's really the only explanation for such a low ltv.

But, some explanation is necessary.Assuming the property is 1-4 units, in the insurance world, this is considered a residential property. 

With explanation that specific costs have changed, and the rent survey showing that to be a very reasonable rent still. 

Knocking on doors is the fastest way to a good creative deal.Getting Licensed or Having a Licensed Agent in your C Corp or S Corp or LLCHaving a good excuse or reason for Bad Credit might be enough of an explanation to getting approved for a Realtor's Agent Sales License.Good luck to anyone with bad credit.It is a temporary problem.Start building you Good Credit NOW!

Most will ask about the home and for an explanation on the financing.So here we go-The home is a 3 bedroom / 2 bath single wide.The payments on the home are $350 per month andThe term will run between 5 and 8 years.If you would like to see the inside I will be happy to show it to you.( in some parks the management shows my homes- so I send them there)If you like the home, you put an application in with the park.

I am in new york and trying to put a short sale contract together.1) What is the purpose of the option contact in a quick easy explanation and should it be included in all contracts2) what are the main things that should be in short sale contract I am absolutely lost with this and do not even know what to ask an attorney to help me set one 3) what are the questions that I should ask a real estate attorney if I have to go for one to create one for me for a short sales and wholesaling propertiesI am stuck on contracts or purchase sale agreement for short sales and wholesaling...helppppp.:)

That is a phenomenal explanation of the Hagerstown market.

@Evan Polaski, thank you for the detailed explanation on HOAs!

You are going to need an extremely solid letter of explanation plus some to sell an underwriter on allowing you to use a 3.5% down FHA loan for this purchase as opposed to a conventional loan.  

However, to have your inital cash to close jump from $871 to $5,808 without any real explanation or discussion to explain the reasoning would be very frustrating.To answer your questions:1. obviously the difference between $7,771 and $10,309.99 does not add up to $5,100. its actually $2,538.991.1   Link F will only show property taxes that are due in the coming month or two.