The equation is established by the bank, and is what makes investors heads spin (because the investor does not know what the bank's calculations include/look like).

Check your math; 47K + 18K = 65K where I'm from :DYou need to establish the ARV (after repair value) from sold comparables, since that is how an appraisal will approach setting the value.

I'm sitting here thinking that before I can even think of purchasing I should have an established corp (min 2 years) before buying.

Should I establish an LLC and a business bank account to better track the transactions of ingoing/outgoing transactions?

The appraiser will establish a value.

Basically, you don't ask, you tell, you give notice and establish your position up front to make the payments in the name of the original borrower.

And even more importantly, establish rapport with those receptive ones.

That said,Realty Note Bid,PennyMac,Carlton Exchange are authentic clearing houses for those assets... and transactions are made daily.If you want real product,establish real personal relationships with Special loan servicers,trustees and NON-tarp lenders...

No part of rents may be credited to any purchase price in Section 8, the landlord is taken off the approved list and the tenant will lose entitlements.Equity will be based on the fair market rents established by appraisal, not the contract, so the buyer is under the impression they have an equity for the LTV and they generally will not have other funds to adjust the required LTVs.Lots of problems with RTOs, insurance, taxes and seller can refinance.

So, three people require a minimum of 170 square feet and four people sleeping in the same dwelling require at least 220 square feet.Overcrowding# In addition to the federal laws, the California Department of Consumer Affairs allows for a landlord to establish a standard for the number of people per square feet in a dwelling but cannot use overcrowding as a pretext for refusing to rent to tenants with children if the landlord would rent the same space to the same number of adults.http://www.ehow.com/facts_7465091_california-maximum-occupancy-law.html