But about 6 months before you buy, I would seriously consider getting your real estate license so you are able to pull your own comps on the MLS for the property you decide to pull the trigger on.

Any modifications or improvements costing over 50% of the building assessed value triggers sprinkler rules..Also, and modifications within certain categories of work triggers the rules as well...such as upgrading a heating system MAY trigger the rules.It has become so bad many towns are putting the same rules on 3 unit buildings. 

I know that it might harsh to give up vacation for going to school, but you can not gain without sacrifice. 

Look for situations with multiple catalysts which trigger the necessity of a sale. 

My first understanding of the pitfalls of real estate came with some harsh lessons growing up.

I did get a good deal on the loan (4.375% 30yr fixed) and the lender has said that this is what triggered the holding account.

Most importantly though, once you decide to pull the trigger in this, that is if this is the route you decide to take, don't forget to come back here to BiggerPockets and ask for advice with each step that you take. 

You will trigger a breach and the lender could accelerate the loan and call it due.  

Saying that defaults based on leverage used in fracking will be a trigger that causes a collapse the economy is far fetched.

Originally posted by @Albert Bui:In my case the borrower had no reserves because he has 7 financed properties he needs a min 720 fico, 6 months reserves PITIA on all properties, so he decided to use his IRA statement.It seems to me that the borrower triggered this himself by attempting to use his IRA assets to influence a favorable decision on a loan.