Because it is "free" and the leads are high quality.This is a fact.

Now the normalized rate is used for qualification purposes, so it's never done.In theory you might have someone at a 20% DTI who would prefer to be at a 15% DTI for that first couple years, but IRL people at 20% DTI are those very same people who can just do the math to realize that this heavily favors the bank, and such a person (who could qualify either way) would never do it.I certainly applaud that you're looking into wonky guideline provisions and how you might hack a glitch in the matrix, but this is the wrong glitch to be trying to hack, unless your time machine allows you to travel to 2005. :)The closest to this that now exists, for the cash heavy but income modest, is buying out the PMI upfront on a conventional mortgage, rather than ever making a monthly PMI payment.

I purchased a lead source of properties of absentee owned homes with 50% or more equity in them.

I read some where Boston and DC areas seem to be in the lead.

These are public record and there is a GIS Database (Portal Catastro Digital y Productos Cartográficos (crimpr.net))where you can access this parcels to see their "Catastro number", owner, area, the assessed value for both the land and the structure for tax purposes and you should also see the date of the last sale and the price.

Hey guys,We recently screened some great tenants and was only able to place two in our property. These tenants are secured at $1395.00 for a 3 bedroom 1 bathroom and come pre screened.Let us make the connection for you!

Did you just pick a market and focus, or do you base your search more on the property and be willing to invest wherever the "deal" leads you.Thanks in advance for your responses, I look forward to hearing your answers.

Mostly office, some special purpose and one retail.

I think I got a lead on finding a lender for this type of loan today, but I have a more in depth conversation scheduled for Friday, so I'll know more then.

I now don't have any on purpose.