He did say I can use gifted funds, which is a relief because the deal will fall through otherwise.My main question is this: why does the FHA require reserves on 3 & 4 unit properties if they've already approved me, based on income, for PITI that I can afford on my own?

It is in Torrington.The attached lot is zoned and approved as a building lot, however I currently have a paved 6-car driveway on it for off-street parking.I get rid of it, they park on the street.

Bill you open your mouth again show a case law where it is against the law to submit an honest application and then when the banks approve a worker who works for Popeye's chicken for a home loan knowing this person cannot afford a loan.

You HAVE to profile, you just can't discriminate.One rule I have always insisted on is if the tats are visible, they are not going to be approved.

I would be getting approved for the home loan based on my income at the time which would not include the day care at all.

It's not hard to get approved by you must pass the inspection.

Rep budged on the implementation manager, and said with "my manager's approval" we could avoid it.However, I was told training is mandatory.

Either they both are moving (with proper notice) or if the one leaving wants to find a replacement roommate who is screen and approved.

Since everything has been approved (yes?)

The act of the transfer is a breach of contract and only cause for the loan to be acceleratedI suggest you not even get into Contract For Deeds, that will just blown off this site.I'll be discussing basic approaches for buying real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareBill Gulley againCFD's are rather dead as there are recent issues with circumventing foreclosure laws and rights of redemption by filing a deed in lieu of foreclosure upon default.