To assume an FHA mortgage you have to be approved as to credit score and debt to income ratio.

This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."

And unless you have a family member or friend who has that kind of money who trusts that you know how to run an apartment complex and is willing to either lend you the money or be the money partner on the deal, then you will likely need to raise money from other sources for the down payment.

My current W-2 income will probably not be enough to qualify for the loan, but my income from my current property, which has existed for far less than the two years lenders will look for, gives me more than enough money to be able to handle the payments on such a loan, if I could qualify. 

Then we take time to review proof of income documents, picture ID, check landlord references, etc.

I would suggest a few things: 1. don't make repetitive log entries every day " managed rental, did calls" copied and pasted 50 times likely would be thrown out in an audit for example. 2. make sure you are materially participating in your rental activities. 750 hours is not enough, you need to pass the second test of material participation in the rental activities to turn that activity from passive to active and claim the deductions on your active income. 

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.

I looked some comparisons on loopnet and other sources.

I'm a web developer, trying to figure out the best source to find properties in say, Virginia that have been sold twice in the last 18-months, with the idea being to find flippers and contact them.Any ideas on publically available data sources?

Hi investors,Which data source I can rely on foreclosure data ?