At first glance, I wouldn't think so, but maybe there is something when it comes to reporting that would have some pitfalls.

Good news is no closing costs and a promotional first year advance rate.

Please correct me if I got something wrong.The question I have is, is there a place to report the total cost basis for the property including land? 

The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

@Michael Kambic - there are many ways to accomplish your goals, but my first concern is that you're reporting your flips as capital gains. 

Thanks in advance.This may seem fairly elementary and I apologize if I'm reverting to something way too basic, but for the most part, your rentals will be reported on a cash basis. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I was going to say two months rent but if it takes 73 days on average I'd go with option 3 and return the unused portion once the property is rented out (so if it takes 75 days return a half months rent).The good news is we're in April - a lot of people are looking for housing at the moment. 

That's called a credit report, and its not available to the public.

Ask for his credit report.