Both had different investment strategy that entailed a buy and hold model that proved very successful allowing time for family and early semi-retirement (as im sure everyone would agree a landlords job is never done).While my objective is similar to that above, my path and goals are slightly different.

I came across your post and have some similar ideas.

I've had some situations that are similar in nature and the Underwriter was always extremely helpful in making sure the policy didn't cancel due to repairs as long as the insured agreed to the repairs done within the extention time.

If you cannot find a nearby small multis to compare to, look farther away but in similar neighborhoods.Another option is simply have investors go take a look and say what can you offer me for it?

Some better lawyering might be to justify why lot rents might be more on one lot than another similar lot, location or view may not cut that in a park.

@Arthur Banks I'm preparing to make a very similar pitch to my parents (they actually came to me and asked to invest money).

If that number is positive its added to your income figure if its negative you have to qualify for it as a monthly obligation similar to a car or min credit card payment via the typical 43-50% debt to income ratio depending on where your reserves/assets/credit are.If you've held the property long enough and filed rental income the schedule E of your tax return (or corporate return) will be used to determine the net income.The formula for net qualifying income once the tax return is filed is made to seem complicated however in essence it is the monthly average net operating income(NOI) based on tax return minus monthly debt service payment.

It shouldn't be difficult to find very bad areas since lead paint has a shiny sheen to it similar to high gloss paint.

Btw, if I have another property completed in the area with similar finishes, I will ask their agent to walk them through THAT property first, so they will have an idea of what their house would look like when completed.2.

We have since added and updated vent hoods, but if the tenant doesn't use them, we could eventually have similar problems.