I would like to know who the attorney is that told you that.The standard form NC 2-T, clause 16, says no assignments... so just line it out and initial the change.

The banks were screaming bloody murder when unregulated mortgage brokers hit the streets and it took about a decade just to have a broker get a license, now, the broker is held to almost the same banking standards in may respects, so that is a big plus for banks to get these small brokers off the streets, for most folks it means if they need a loan they'll have to head to the bank.Scruggs and other seller financing gurus brought much of these new requirements on seller financed deals, if there hadn't been scammers with the rinse and repeat set ups seller financing probably wouldn't have gotten hammered as it did.

We'll see how this campaign method pans out.As for that one year performance, it'd be much easier to show everyone the spreadsheet, so if someone can let me know how to post an excel file, I'd be happy to.

I'd post the 3 day pay or quit notice now and if it's not paid on the 10th then the deadline on your notice would be expired and you can go ahead and file the eviction.

i can pull the bills and see, just having never been a long time renter I didn't know what the "industry standard" response would be.

When the roof is not up to the carriers standards, its hard for them to carry the policy because of the risk it poses to the carrier.

http://www.biggerpockets.com/files/user/Kelsy/file/ellinor

I would always use some other form of collateral, or try to work for a no collateral loan.With my parents, I offered to take out a loan at 4% for 10 years, which may even be below the current IRS standards, and my parents thought it was too stiff.

@Jason- the issue of how the DTI (debt to income) will be considered depends on if you are applying for a new loan during the year in which you purchase in which case you have not yet filed a tax return to claim the rental property will be 75% of gross rents evidenced by lease agreement and copy of the security deposit check minus the PITIA (principal interest taxes insurance assessments - per month).

With the mortgage on the house we are living in (our first home), we can afford something max of 50-60K (down payment + standard mortgage).