As she had not yet made the March 1st payment at the time we had talked, that counted as the next payment.

Well, it has been about two weeks and a lesson is beginning to emerge.Close only counts in horseshoes and hand grenades.Dealing with a bank has been a slow and arduous game of back and forth.

I'm 7000 miles from my pic if that counts!!!

Now, I know you don't count any deal until you walk out of clsoing. :)

Although your number isn't too far off the 70% margin, your number is also not counting what you will factor in for your fee as a wholesaler which will take it even less.

You could use the book and page or document number to source the subject property and then cross reference tax records.

I lost count on that one.

My mailing and business address is a relatives since I was on the road for work.I just read my lender only counts 70% of rental income.

Paying down the mortgage principle counts as a corporate expense and thus allows you to use 100% of the profit (ie you don't pay tax).

FHA doesn't assign case numbers on the weekend so you would have to do it during the week.This is the basics and do not count all of this as 100% accurate and talk with your local banker or mortgage broker.