You also want them to explain which parts are working fine so that you know they checked all the sensors, blower capacitor, blower motor, exhaust motor, and burner. 

I was just in Detroit all last week checking on some projects we have going and meeting with other investors.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!

I'd wager they have told you they are paying cash so you can't double check, they are not. 

Everything else - checking regulations, etcWith all of that sorted out you should have a pretty good idea what route to go!

This market cycle is NOT where a person looks to "buy a pay-check" which is exactly what one is doing when looking to buy some big cash-flow day 1.

Would any lender be ready to issue cashiers check for an amount which I request for ( to be used during the day of the foreclosure), with a lien on the property which we buy (the property is subjective to what we bid for and not definite). 

Check it out to see if it’s what you need to do the refinance https://podcasts.apple.com/us/podcast/the-luxury-short-term-...

They outline various conditions and potential outcomes, further emphasizing the importance of both parties understanding and agreeing to the terms.In conclusion, while seeking professional advice is essential, always double-check information, especially on legal matters.

While they don't look at your DTI, they will, at least initially while building a relationship with the lender, check your credit score which will affect your rate.Business Line of Credit - Most banks will want to see you in business for 12-18 months before issuing you a Business LOC.