All that said, some time back I did an analysis for a neighborhood I was considering, and $/sq.ft. was quite consistent for houses with basements.

- There are 7 buildings consisting of 17,000 square feet

Tell her that when you deal with tenants, you must be firm, fair, consistant and reasonable.

Be fair, firm and consistant.

If you sell the house for more than 20% above what you paid for it (regardless of whether you're flipping it with no renovations or whether you did a full remodel), you will fall under heavier scrutiny by the underwriter.I imagine this will generally consist of a second appraisal (as current FHA sales above 200% of the previous purchase price between 90-180 do), and may also require some documentation of the renovations/costs performed.

If your project is consistent with that zoning, and the restrictions on development for that lot (e.g., units per acre, setbacks, height limits, and many, many other factors) you're much more likely to succeed.

But also, it is because an experienced negotiator pays for himself by getting deeper discunts more consistently.

And they won't be able to consistently pay the rent at the current rate.

I actually take an opposing opinion due to my experiences.My best tenant does not have a checking account and consistently pays me in cash every month.

Do remember that you have to keep a consistant tenant acceptance policy or you will violate fair housing laws.