Additionally, just because you were the first offer in doesn't mean she has to accept it; she can choose to sit on it and wait for another one to come in and then pick that one over yours.Also, you better be more than confident before throwing around accusations of her getting a kick back.

Our client returns historically have resulted in an annual cash on cash return of 8-10% with a projected 5 year internal rate of return (IRR) of 8-18% (depending on how the property is purchased).Let us know what additional information we can provide.

Does him being disabled prevent me from ending his tenancy at the end of his lease?

In addition, the HML may have a different underwriting outlook on you using borrowed funds depending on what they look at in underwriting.

You can find more information about it here:http://www.doleta.gov/business/incentives/opptax/eligible.cfmYour local tax jurisdiction (city, county, state) may also have additional incentives available.

If you get estimates from a general contractor--they will pad it with an additional 10-20% than if you received estimates from individual contractors.

If not, what prevented you from getting the line of credit?

We also adhere to minimum rental criteria of income or income equivalents of 3x the rent, or 2.5x with additional security deposit.

I have more than 5 years experience as a landlord which allowed the property's rent to count towards the loan qualification.Is there a standard or recommended period before I can start pursuing funding for additional properties?

Any additional advice for this newbie is welcome.