I know it won't happen, or is unlikely, but let's play along with my potential buyer here.

Those who are putting offers in on foreclosures and short sales are also seeing upwards of 30 offers on one property, as well as stiff competition against buyers with all cash to play with.

@Joel -- I agree mine can be termed a speculative play but am trying to be thoughtful about it.

It's also amazing at how well the Republicans have spun the best interests of big business and our 1% as being the patriotic thing to do, playing on emotions and fear to motivate the base.Anyway, Romney certainly demonstrated very clearly his position and attitude in front of those who paid more than most of those 47% make in a year for dinner just to be in the room with him.

I know times are different now-but I'm not playing that rehab game anymore.

If you have proof that your consultancy income will continue, then by all means talk to your bank.There are also other factors that come into play when applying for a loan, such as your credit history.

Do they require more skin in the game than HMLs?

You might have to market more, but you can be the only game in town to fit that special situation.

Greetings all,I'm new to the REI game.

That's when case law comes into play, and unless the person at the real estate commission who is answering the phone is an attorney who is trained to interpret case law, their opinion likely doesn't matter much.