Here is my take:First, it is my understanding that once a trustee deed is issued and recorded there creates a conclusive presumption of validity of the sale in favor of the bona fide purchaser.

If a higher income has been received for 12 consecutive months the higher income could be used, otherwise gross income would be averaged for 24 months.Compensating factors and exceptions:One exception being for buyers getting off active duty military service within the past 12 months, a current HUD verification of employment, showing favorable probability of employment with a pay rate stated would qualify at that income level.

You could potentially get a $250K loan, put $25-30K in your pocket, and lower your PITI to $1,500 or less.I would pay the minimum on the student loan debt, and do everything you can budget wise to free up funds for investing.Couple of points on your buy-rehab-rent-refi plan:* If you use funding from your parents, which is perfectly reasonable, it is critical to record a mortgage in their favor, along with executing a note.

I am no tax expert but I believe the write-offs for such a plan are favorable.

Besides area another way to acquire favorable return properties is not follow the pack.

Returns are very favorable in states like Texas and the mid-west.

Caveat: if you are bringing in a huge amount of money say 50% of the raise then that might tip the scales in your favor).

I want to avoid them claiming they did me a favor and should be compensated, or claiming they have rights to the land because they have been using it.

He actually came in as a connection from my agent and my agent asked him to "do me a favor".

I say that in light of the legislation in Oregon that favors the tenant over the landlord.