and like you said you can always renegotiate to meet an under appraisal.And of course in my world it allowed us to 1031 out which, you might guess, is a subject ever so close to my heart :)@Cara Lonsdale as long as you don't get greedy and build in realistic appreciation factors you can even do this buying at retail. 

We think there are still good deals out there to be found, and having the right systems in place and continuing to nurture relationships in the marketplace allow us to uncover them.

Most of the lenders who offer those can offer a release clause that allow you to sell or kick out one asset without redoing the loan. 

Your options will be limited, You can file documents that will allow you to go after bank accounts and garnishments but that gets more complicated and he may need legal advice to do that.

Matt Berklacy Your best bet is to get your salesperson license and hang your hat at a brokerage that allows investorsThen you can get access, put I.

Those "Fannie Mae" guidelines are the "allowables" set by Fannie, and only mean what Fannie will reimburse the servicer for, not what the actual normal costs are and even then, it's only when the servicer is using that designated counsel approved by Fannie.

Figure out a Refi mortgage payment/Loan amount that allows you an acceptable Cash Flow number. 

So, if a lender is only willing to lend 60%, the bank may allow a seller second of 15%, reducing the buyers down payment to 25%.  

We will assume wildcards are not allowed for this example.

The basement does not have a bath.I can spend about CAD 10-15 K and convert it into a duplex with 1 side yielding a rent of around CAD 1 K.The basement business gives CAD 2 K monthly, allowing me to effectively stay for free in the house.I have a few questions:Since no real estate agents are involved, what will be the best method to determine the correct value of the house?