She was running a Hair Salon.

This stuff happens all the time.

It makes a bad handyman seem more legit and applicants don't flinch when I ask for holding monies and stuff because I have real business cardsFor lion boss types that act like and want people to know they own the place, it may be much less beneficial. 

You can't use the 401k for a down and then fix stuff up with non-401K money or put income from the property into any other account.

I used to save a lot of stuff, and still have a lot of it in a storage container in my back yard.

This would be a basis for me to outline a business model if I were doing what you do (I used to but bought stuff along the way that I can now live off my cash flow.

If you can't get a response, I'd find another broker, he may be too busy and wants to hold on as long as he can.In general, lenders are getting tougher on underwriting since low rates don't leave much room for margin of error, so want monthly updates on I&E during the process, maybe larger reserves also.Right now in OR, my biggest issue is with appraisers.  3 years ago when banks wanted apt debt, I thought they overpriced stuff, now they're going in the opposite direction. 

Turnkey stuff and high demand areas are gonna be tough, because there will be multiple offers.I'm always looking at the MLS but last summer I also started doing direct mail and texting owners. 

Hey Brett, I did some of the work myself - basic stuff like drywalling, painting, landscaping etc. but I did have my assembled crew working with me as well.

As Amish Tolia said you were light on some stuff but conservative on others and overall if it’s in good shape has a chance to perform nicely, especially if you included the debt service from the HELOC.If stuff at these numbers is attractive to owner occupants as opposed to just investors then exit is much easier (and more profitable) and you have a few thousand in pay down to include in your overall return.