I also think that this does probably limit people who do not like dogs from applying.This summer we had a unit open and this nice couple came to see it.

Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

There are tons of people who know more than me, but I'll share from my limited experience.

From my limited research, it seems like focusing on areas near the proposed "light rail" might be a good use of time.

When this one started a number of measures were taken to try to stop the correction.

If you have lower limits on your underlying policy and your retained exposure under the umbrella is greater than that, then you end up with a layer of exposure with no coverage.For example, you have a $500,000 underlying liability policy (homeowners, for the sake of simplicity) and you retain $1,000,000 under your umbrella.

Many times the damages are limited to a percentage of the contract price. i.e. 10%.

If the eviction falls on a rainy day the Marshall will usually reschedule the eviction.Timeline for the whole process can take 3 to 4 weeks or 3 months like if in Fulton county and they have limited Marshalls and sometimes thousands of writs to serve a month.No legal advice.

@Sean KuhnIf you put 12K of initial capital improvements into the property at purchase then I would include that amount in your initial capital cost (purchase + cost to put in service) and use that amount when calculating CAP, CoC, or any other measure of return.

People have said to me that if you buy and hold, that limits the number of properties that you CAN buy.I say the buy and hold limits the number of properties that you HAVE to buy.By your calculations you need 50 flips over 25 years.