If HMLs will go 70%, or even 65%, you'll be able to cover the purchase and fixup.

It would save her on the elec bill & would also add value if I decide to dump it.All my appliances (A/C & Heat, Water Heater, Fridge, Stove, Dish Washer, Washer & Dryer, etc...) are covered under my home warranty.

If it can be rented to cover and eventually be sold at a profit, all are happy.However, I was wondering what happens to the seller in the meantime?

Again, Flipper, you have managed to skirt the issues I brought up and stick mainly to the insults on me. 90% of your post that clarified your first post was aimed and calling me 'clueless' and 'ignorant' rather than examining or answering the questions I brought up.Sorry man but I don't consider your cheap shots, one-liners and strategically capitalized words real responses.But keep up the good work of posting extremely irresponsible statements and then when questioned, attacking the character of the person asking for an explanation.As much as you would like to think, the world front is not Candy-Land right now.

Will a bank even consider a business proposal to try to get a small business loan to cover the entire cost of the house..

I know you think in the case with a real estate agent, they should require a pre-qual first however LO's tend to pass these out like candy without ever pulling the report.

Plus, you've got competition from well-heeled parents buying for their kids, and fuzzy-math investors who think that if the rent covers the mortgage they are doing swell, especially when they add in 'appreciation'.Keep in mind this crop of kids is the most spoiled I have ever seen and they all feel super-entitled.

With out figuring in depreciation and tax incentives the true net income covers my yearly mortgage.

We've stopped doing covered calls at our firm because of all the volatility.

$ that would be used for repairs, to cover late rents, etc...?