It's a no brainer so long as the property won't have any issues passing an appraisal.

It is a no-brainer way to improve the value of the property. 

It is basically a no income loan.2nd option is a No Ratio no DSCR loan at 80% LTV even easier to qualify then the first option. 

The rule makes the majority of the 4plex deals in the Austin Texas a no go.

I got a no heat call , then they told me the electric was out too . ( face palm ) .

You need more meat on the bone when dealing with older assets and it can be tough to find it and substantiate the work-to-profit ratio.Flip the conversation (pun intended) and if you find that ranch style product in the Durham "burbs" like around South Point, then its a no-brainer.

All you can do is send the buyer to several lenders you work with and see what happens but it always comes back as a no.

If I got beat out on a nice FM property by an "O/O" and saw the house renovated and for sale 2 months later you can be sure I'd send an email to the appropiate agency to look into it.

When 2/3 of the income streams are passive and they give you the option to actually RETIRE someday, it's just a no-brainer.I hoped that helped you new agents out there trying to decide where to hang your hat. 

If you are going to rent it out can do a no income no doc cashout refinance DSCR loan after its complete and pay off the credit lines