If the borrower will return to work as of the 1st mortgage payment date, then the borrower's regular employment income can be considered in qualifying.

Since I can't usually make it, I'm looking for other metro Detroit/southeast Michigan regular real estate investor meetings to attend.Thanks in advance,Valerie

Maybe cash out refi the condo on a regular conventional loan?

Looks like originally to be used as some sort of oil change store or automotive.  

I guess I just don't understand how it's different than a regular residential appraisal.Thanks for your help!

@blakeI also have various properties owned by several partners.I'm also the manager, but mainly because I am the major owner of the portfolio of properties.I also take the management money that would have otherwise be used to hire a regular management company.This year, I'm starting a new business in IT.

Their townhome is paid for and with any luck their remaining days will be spent there.My wife really would like to buy the property as an investment vehicle and the ranch townhomes regularly go for around $300/$325k at least.  

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I cannot get enough private money for a down payment through a regular bank, and my debt ratio is too high for an FHA loan.

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