On this document pictured you start at the bottom working up, the releases show were from prior loans that were paid off by the ones shown.

Here is a link to picture of it: [URL=http://s1145.photobucket.com/user/adda2ude/media/REI/IMAG1131.jpg.html][/URL]

Some banks may count the income on the subject purchased if you have a track record, experience in rentals, but no, the down payment doesn't sway the ability to pay the debt created out of the picture.

Has anything like this ever happened to you? I asked the framer to widen the doorway and put in a header for a load bearing wall. Here is what I got.Sorry about the pic rotation BP wont let me fix it. 

I have done more research on the area and there are other studios in the area for rent (not on this street, but there is a cluster of multifamily buildings a few blocks away who advertise studios for rent - most are about $500/month advertised).These are my estimates (the owner gave me a "rosier" picture).  

Personally, I need to form my LLC in order to go in on the deal so I'll be working on that this week.Here's a picture we took inside a rehabbed property we looked at to get an idea of the quality of work we're going to be doing for our fix and flip.Part of the team of Project BP - it will continue to grow!

Take plenty of pictures of everything and you should be fine, if she protests any of the charges.

Don't lose sight of the bigger picture.

Do they just make their decisions based on your information (pictures, arv, etc.)?

My house will be painted Cottage White, the grout cleaned, the repairs made, and I may look into something to dress up the yard seen through the picture window.