The aggregate UPB calculation does not include the mortgages and HELOCs that are on the subject property,the borrower’s principal residence,properties that are sold or pending sale, andaccounts that will be paid by closing (or omitted in DU on the online loan application).

Work must be done with licensed contractors and completed within 180 days after closing.The loan is based on purchase price plus rehab funds, which are drawn down as work progresses.They also include a reserve 10% minimum for potential budget overruns.3.5% down is based on the total amount borrowed.You also have to pay closing costs, which are substantially higher than a traditional FHA loan.

They lend in a number of states, including Pa I believe.

You can take it to staples or someplace and have them print you a large format version.Also I like theses atlases for getting around; but they might not be big enough for what you want and i dont think they include a street index.

My everyday tasks could include anything from building a deck to typing contracts for future jobs.

For the lurkers: Fannie Mae is totally cool with a revocable living trust, even at closing, for all property types - including residential investment properties.

Cash Flows are including Taxes, Insurance and HOA Maint Fee.

I suppose if the #'s worked with all expenses included it wouldn't matter much,and I'm pretty sure loan insurance drops after 5 years as well. thanks again think i will look into them some more.

I thought I had an exit strategy in place with a mortgage company including terms that were fixed and amortized for 30 years with the understanding they had to season for 6 months.

This particular property is a Short Sale in Cincinnati, OH and has about $2k (1 years' worth) of past due taxes on it.My contract with the Seller reads, "At closing, Seller shall pay or credit on the purchase price (a.) all real estate taxes and essments, including penalties and interest, which became due and payable prior to closing...."