Just make sure that you will be able to afford the monthly payments, even if you don't have roommates for some period of time.

In the time period you have the contract on this deal you are marketing it to potential buyers.

The reason we ask for last 3 years is that we would like to see the rent trend during the 3 years period in the same community to gauge the neighborhood direction.

If points are charged then they count toward that 18% limit in the first year of the loan, or under some circumstances can be spread out over as much as a 5 year period if the loan is at least 5 years.

While we can preach about our business ethics, the proof is in the pudding over a long period of time.

(Roughly 2-week closing period).2.

Go to the period where you plan on selling and look at the principal balance of the loan.

Try to make sure you have no contingencies, like no inspection period, all cash, etc.Also, make sure that you already have cash buyers who would be interested in buying a property like this.

Howdy BP,I will be giving updates on this project periodically.

If WA is like CA once your offer is accepted your due diligence period starts and you can get tennant estoppels, appraisals, inspections, etc...