Please shed some light on this subject for me.Thanks.

That's fine, we will assume the agreed credit does not exceed allowable credits as a sales concession.However, the lender must view the credit in light of the loan to value of the property because sales concessions effect marketability and value agreed in the sale transaction.The lender then must rely on the FMR stated by the appraiser, that being $850.00 a month. 

nite light hotelsquiet night hotelsA hotel co.

I purchased the property for only $200,000 and figured I could not loose.Repairs included finishing the driveway with concrete, pouring a walkway to the front step, solving a crawl space water retention issue, installing new hardwood flooring, replace all "gold" fixtures with brushed nickel, interior and exterior painting, replacing the septic pump and replacing light fixtures. 

The only complaint is that with the light rail there are a LOT of dumpster-diving and thefts near the stops.

This is why I always advise clients to err on the side of safety and just get licensed- particularly in light the AG’s officeSincerely, Jeshua T.

can someone with experience in it put more light on it?

Since I despise installing the Big Box 10 for $20 light kits, I try to find some interesting lights from these places. 

But taxes are about 10-12k per year on this property and the previous homeowner was delinquent for several years)Cash for Keys: $20,000 (The homeowner agreed to vacate by a certain date to avoid a drawn out legal process, which they threatened to do)Cleanout: $750 (The place was a complete mess)Initial Cleaning: $150 (I at least needed to get the place tidied up a bit before painters would come)Kitchen Repainting / Spraying Makeover: $11,500Fresh Paint on Most Rooms (Ceiling, Walls, Trims): $12,500Hardwood Floor (Sand, Stain, Re-finish): $4,500 New Carpets in all 4 bedrooms: $4,500Lawn Debris and Hydroseed: $6,000 (and weekly lawncare until sale but that was cheap)Electrician: $1,000 (Smokes Inspection and fixed a few recessed lights + other minor)HVAC: $1,000 (Garbage Disposal Replacement, HVAC filter replacement + othersWindow Cleaning: $500Mold Remediation: $1,000 (Bathroom Ceiling)Carpentry: $5,000 (Bunch of stuff)Miscellaneous Materials: $2,000Final Cleaning: $300Staging: $4,500New Washer and Dryer: $1,000 Total: ~$600,200 (+- 2-3k)Listed Price: 669,000Sale Price: 644,500 After broker + legal Proceeds: 606,000Profit: ~6k Time Held: Bought in April, Roughly 6 Months.I didn't make much from this deal, but the experience I got was awesome.

Otherwise, just pass a Coors Light!