As I have heard, traditional lenders (banks, S&L's) want you have a W2 to refi a rental (ie long term 30 years, 75 LTV, 5% at this point in time).

There are alot less agents working commercial and the knowledgeable ones set themselves apart.

Use the site and all of the local help as much as possible to increase your investing knowledge & experience.

I greatly appreciate this place and the wealth of knowledge and advice that this place has.

The second hardest job is to intimately know your market.

Sure, some knowledge is better than none but many very influencing things have changed.

Just so Tony doesn't have to bust out the numbers for now - (maybe he will later) I am going to make a wild guess with no market knowledge in his area, based on materials in picture, that it cost Tony $200 per sq ft including lot and permit costs, putting his profit around $137k gross.

She'll be talking some real-life "House Buying Horrors" in time for Halloween.

My concern is if he moves out and I have no prior knowledge of the apartment prior to him moving in a year ago how can I legally keep any of his deposit if he moves to cover wear and tear?

or did they rent this out without your knowledge AND agreement?