As I am not interested in selling Im happy they also offered, as an alternative, to enter into a JV as they own an additional acre adjacent to the lot.

Account Closed pointed out, they require 2 years of rental income to count towards DTI ratio.I know Manayunk and one alternative is to rent out rooms in your apartment.

If this is the case with conventional mortgages, is there an alternative to conventional mortgages?

We're pondering the same question here as well... and actually coming up with some of the same ideas for solutions.One of the biggest challenges we've had is that tradesmen with lots of 'hands on' experience tend to be the worst organizational thinkers in the land, and are oftentimes stuck in their ways and refuse to consider alternative means of managing a project.

As such there is no office here that the buyers will be able to meet her so that she would be able to drive them around to look at houses.The alternative in this case if she needed to drive them around would be to meet at a neutral location like starbucks, or pick them up from their home.

You can set a reserve an do it with little risk up front other than advertising costs.I am not suggesting this is your best alternative but I would not hesitate to let one of my properties go into tax sale to see what someone bids.

If its a hold, and you can get it funded and it makes sense vs. alternatives it may be OK.

She made a relatively decent offer, considering the alternative

You never mentioned the market value that I saw.If a large bank writes of anything it would likely be late fees or penalties, principal reductions would need to be justified in the market together with condition, showing that alternatives of collecting are not likely or economical.

I am fair but very firm with them.I generally use the same subs at each job (with an alternate for each trade to keep their prices competitive), occasionally I jettison an under performing sub off to the abyss which sends a clear message to the other subs that I'm not afraid to make changes mid-stream if needed.I buy all materials, subs do not (except rough items by plumber and electrician).