Reserves will be determined by the Automated underwriting which will look at the overall strength of the Credit package.

The market is crazy, but I do not think it is going to slow down soon (6 months ago I was indicating the odds of a depreciation cycle was greater than pre Covid - I no longer hold this belief (not stating I was wrong about the odds, but it did not happen and looks like it will not happen)).  

Other providers offer up recommendations for these services, and still other turnkey companies offer these services as part of their overall package.

Including volatile food and energy prices, the PCE index jumped 3.6% year over year and 0.6% from March.

I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM).

Purchase price: $78,000 Cash invested: $25,000 Pre-foreclosure property.

I've been pre-approved for a property up to $200k.

When I ran a flight kitchen overseas, we had crusts, cheese, sauce, toppings, etc and employees to get the pizzas done but we were also focused on getting a large variety of foods out, not just pizza, but I digress.What I’m trying to understand is the mathematical language.  

Due to my cheap assery, preferably like to keep our mortgage within 1/6th to 1/8th of take home pay, and set our pre-approval for about $50k less than the listed price (house flipping intentions).

Yes, it is common to ask for leases, ledgers, full applications packages during due diligence, should be part of your PA too (for next time).If you buy it, you can start from square one with applications, qualifying and new leases and you will be set.