Mortgage brokers often throw a carrot of a really low rate out to engage the borrower and then half way through the process drop the bomb of them with a re-trade of a rate for X,Y,Z reasons.I would find lenders that specialize in your asset class and deal size as they will generally have the most appetite for it.

My parent's house (That I grew up in) was owned by some real weirdos that left the place in very poor condition.To this day, some of the places in that house will give me the willies if I'm there by myself.My wife, who is quite the logical individual, proposed that as a child (a very small child) who was already intimidated by the size of the house, I may have had some child-like fears of some of the spaces.Even though the house has been renovated, her idea is that something really subtle... like smell, felt texture, or even temperature may be causing a buried memory of those very child-like fears.Makes sense to me, anyway.

Back when my parents bought thier first house (because it was impossible to rent with kids, all rental ads said: no pets no children), there were small starter houses on good size lots that were designed so that they could be added onto easily.

Not sure how many units I could expect to get on that size lot.

Most investors would be looking for a profit considerably greater than $20K on a deal of this size.

What about any renovations that need to be done to get the home to saleable quality...you can always get bids from contractors, inspectors etc..your goal is to make the home look like a bad deal for anybody, especially for the previous homeowners who will lose money in the long run if they foreclose on the home (or at least you want them to think so)If they ask you why you want the home so bad...just tell them that it fits your criteria...size, bed/bad etc...Hope that helps.

Everydeal is different but for the most part with great credit (at least over 680) and $ down, you should be able to pull a one time close which helps bring your closing cost for both loans somewhere in the 2500-4000 range of course depending on the size of your loan, so on and so forth.

The Giants win over the patriots 17-14[size=24]Go Giants!

ThanksProperty Profile Property Type: Commercial/Residential Property Style: 1 1/2 Storey Bedroom(s): 4 Bathroom(s): 1 Kitchen(s): 1 Possession Date: December 05, 2007 Next Open House Date: n/a General Information Property Size: 1200 sq.ft.

If those are all comparable in terms of size, beds, baths, style, and location, I'd guess your value at the low end of that range.