Verification:Rental of the Property Applicant Occupied Prior to the New Loan Obtain a copy of the rental agreement on the property, if any.

On P&L, I want to see previous year if possible, then compare to current year, and focus on YTD actual expenses compared to YTD Budget - I then look at variances to see where the “leaks” are.

Both will allow me to see where the Sellers numbers compare.  

Hi, I’m under contract on a sort of unique property. It’s a single family home with a full apartment-like in-laws suite upstairs that can’t be rented as a separate apartment (no separate utilities, permits, etc.) I’m ...

You must do a inspection of the property, fully documented with pictures prior to the hearing to present in evidance.

Have you checked the recent sales of comparable properties in the area? 

Hi @Bryan Clark, I am a novice compared to most people on BP. 

Get educated on the local market, look at prices, cost per sq. ft. and what finishes, lot sizes, etc. are so that you're comparing apples to apples.

I would second Peter Bowen that new drywall should get primer prior to paint and backrolling will give you a better finish than spraying alone.   

Loans become more difficult to obtain, for the simple reason that the interest rate is a factor when it comes to approving mortgage loans – just study the formula of monthly income compared to the mortgage payment because lenders use your debt-to-income ratio to figure out how much of a loan payment you can handle.