$1m cash = $4m in vacation rental properties leveraged, $800k+ gross, $400k+ NOI, $200k+ after debt service assuming full management.  

In addition to risking vandalism while the house is empty and paying for property taxes, they also have to pay a property manager to take care of the house and various bank employees are involved in reviewing offers and deciding what to do with the house.  

You are going to want to clean up these gross misunderstandings as courts of law don't spend a bunch of time explaining things.  

Hello, Albert Lubin, the 50% rule is a general guideline used by real estate investors to estimate the operating expenses (OpEx) of a property as a percentage of Effective Gross Income (EGI).

My first experience with this was totally gross.

It is understood by the parties that the Consultant is anIndependent contractor with respect to each, and not an employee of either.

The business apparently generates: 11,500/ weekly sales, Utilities : 1700/month , Employees wage : 3500/week.

One has monthly gross pay equal to the amount of Applicants A' verified income. 

Any stocks/bonds/CDs/money market funds that can be easily liquidated3. 401k funds (you can borrow up to 50% or $50k) if you're currently under an employee-sponsored plan

Work for a lender that does a lot of 203k/HomeStyle renovation loans, or work for a GC or architecture firm that works with a lot of clients using 203k/HomeStyle, or hard money fix-n-flip financing for that matter.It's not at all unusual for a LO that does a lot of reno stuff to have a full time employee that does nothing but the reno side of stuff.