Crosby depending on what your state law is, I'd give them 24 (or 48 or whatever your state requires) hours notice that you will be inspecting and then get in there asap.

The seller had both tenants on month-to-month and severed notice to one of them upon my request.

. :)If your future plan is to someday maybe rent out by the room, Fannie Mae will not go for that, since that would be a wide open door for people that don't have the income to qualify for what they want to just make up fictitious possible hypothetical future income sources that may or may not ever exist or pan out.

If you try to tell Aunt Fannie Mae and Uncle Sam different numbers, your loan will be denied.

I noticed a big change in our discussions when it went from, “I’ve been doing research” to “We should look at properties together”.

Deliver that notice by a process server or at least FedEx, to make it look serious.  

Hi Kit, I notice the post is a year old, but I'm curious how things are going?

Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light?

I have a deal with 8 single family houses that are all in a continuous area, but each house has its own title.Does anyone know if we can package them together and use a Fannie Mae multifamily loan to refinance them after we have renovated them?

Read their lease agreement and see what the language is for terminating their lease - Mine was 90 days notice and not the standard 20 days (if they're MtM).