If I understand your questions correctly, I would think you could offer a professional, trustworthy place for them to refer business.

Even in the absense of any details on your loan request, I suspect I know who your mortgage lady is using---just a couple of questions to see if my suspicions are correct:- Are your FICOs in excess of 620?

Correcting my post, I was wrong.

So I am unsure when just getting started and holding down a full time job to make sure the family has food that this is the best approch.

Just because someone files the paperwork correctly over the internet does not mean that the entity will stand up to a court challenge.

The title implies a fairly large geographic region so there will be a wide range of correct answers.Let me go into this a bit deeper.Many of the numbers you are looking for a highly sensitive to a specific area or a specific type of property.

Of course I would recommend they speak to their tax advisor, just want to be sure I'm understanding this correctly prior to signing a purchase agreement so the seller doesn't get a nasty surprise at the end of the year by me not telling her about this.

I stand corrected..

But correct me if I'm wrong but this seems like a pretty good deal, especially considering the house is <10 years old so maint. should be relatively low.

That is, to make it serve its expected function.Wheatie (and MikeOH) are correct on this.Part of the logic is the NOI assumes no financing in place, all cash purchase price.