So the builder goes and designs this custom house.

Hello Bigger pocketsBack in 2012 I bought a Duplex in a B or C neighborhoodI did very upscale renovationscentering around fancy kitchen and bath faucetsfloating vanities, water fall faucets, upscale lightinglaminate flooringadding stack washer and dryerand using design styled paint schemes suchas an accent wall.or under cabinet lighting.I was asked to report back after a year or two and here are my resultsout of my two properties that have the extra doo dadsI have had little problem collecting rent.

etc  I've always thought the designation was somewhat arbitrary but Turnkey companies seem to put a lot of emphasis on this designation.  

@Steve McCondichie   I went to a appl conference in Vegas nice organization although when I sat through there class to get verified as a appl lender it was basically very basic information .. being appl associated is in my mind like being a member of the BBB  .. you pay for that designation.. but good networking no doubt.. but nothing a borrower should hang there hat on..  

@Spencer Gray also these sorts of Government regulation are often what drives bubbles and DEMAND. 

I have been working with quite a few contractors helping them find off markets, offering design consults for the buyer’s ideals, then listing.

So the question becomes, are overly-eager OOS investors skewing local real estate markets and creating bubbles in places like Cincinnati, Memphis, Detroit, Jacksonville, Indy, etc whatever the top OOS markets are? 

Buffalo is also experiencing a Micro-Bubble where too many inexperienced people are Overpaying for Properties that are just not worth it.

Design?

In order to do Fannie/Freddie deals the underwriter has to be a Designated Underwriter with experience and a certificate.