When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction?

So I cannot qualify to purchase another home.

If you don't think I could qualify for a loan under my current circumstances, let me hear it.I want to contact a mortgage broker to get preapproved for a loan but I don't know if my earned income, as well as other factors would allow me to qualify.

Some amount of base pay, and then 30 different types of bonus, missed lunch, overtime, etc, pay.Until you've been doing it for two tax seasons, we will only be able to use your base pay and rent from the other three units to qualify you.

Even if you hold it for a year, it does not qualify for long term cap gains as your "intent" would make it still a short term tax treatment.

Good evening,I may be looking for a partner as well, however we are more looking in the 140-200k price category in Riverview, Brandon and Valrico.As of now, we are looking to purchase the home with a conventional loan, turns out to be a little challenging since most of the better deals are lot of times cash only since a lot of the properties don't qualify for a home due to not being whats considered livable.My plan is to purchase a home, live in it for about 4-6 months, do most of the rehab myself and sell it.

Good evening BP,I work full time as a teacher, part time as a behavioral therapist and I am a church musician.

He must think you are pretty awesome to even ask something like that.He probably perceives that  you are able to give from confidence,strength and being connected,not pity or weakness.As long as you don't go into politics capitalism is probably not in any danger.I think you are one of the few who are qualified to answer your question. 

I have heard of the debt relief act and want to see if you think we will qualify to use it.

@JacobI'd recommend finding another (more consistent) manner to increase your earnings.First of all, the $500 class only qualifies you to apply to your state (application usually another $70 or so, with background check) to take the state exam (usually another $50 or so).