Mark R., if you're asking me, I'm thinking materials, tools if he had left any, etc, basically anything within his purview are on him.

As Mark stated above, proving 2 years of income is essential and write offs (as necessary and tempting as they can be) can place some serious road blocks on your path to home ownership. 

(See red question mark below) We’re back towards 2003/2004 High / Low Spread, but took a brief dip towards 2006-2007 levels.

So, I'm going to take the opposite side of this argument.I think things like 'interest rates are so low that it is causing crazy high prices....etc' arguments miss the mark.

So from Michael and Mark's replies, am I correct in saying that rehabbing is a required element for refinancing to benefit you at all?

That wholesaler that marked up an overpriced house is most definitely a newbie or an idiot but maybe someone should try and help them.

@Mark K.

Mine is currently structured so that I pay interest only payments until that 10 year mark after which it becomes fully amortizing.  

---Mark Twain  :)

im with @Mark Mosch.