As I started pressing the lenders that told me it was 2 years rental history per property I found them coming back to me surprised to find out that their guidelines would allow the income and I won the argument for only needing 2 years rental income PER person.With respect to your return, be careful what you put as expenses on your return because many lenders will take out expenses from the allowable rental income (even after the 75% is addressed).

This game just isnt as easy as they make it out to be on TV on in guru pitches.

Rueben - you have what I call an exigent (pressing problem) pre-probate deal.They are tricky, often complicated and fraught with legal ramifications.

It is definitely a state by state matter, but please know that in many states, the Tenant could win that one if they press the issue.

Everybody press the vote button!!!

or "don't have the keys for the properties made yet." or "not available to be viewed till Friday..." etc... and after a few phone calls pressing to see it, we get the sudden "...oh it went under contract yesterday!"

If it is such an area you will be hard pressed to find numbers that give off great returns.Also the 2,3,4 unit types you are competing with owner who live in 1 unit and rent out the others.

My sister (TV news producer) calls this "not burying the lead."

I will be hard pressed to find something in WA with the cash I have now, or the cash I will have by the end of the year for that matter.

Few homeowners press this issue, but they can.