.• The following closing costs that have been negotiated and agreed upon are:- Maximum Real Estate commission/fees paid: $9,000.00(See guidelines outlined in Section 7)- Maximum cash for cooperation incentive to seller (if approved by SPS): $0.00(See guidelines outlined in Section 8)- Maximum proceeds allowed to additional mortgage lien(s): $16,000.00• Please be aware that any additional fees or costs that are not approved as of the date of this letter will not becovered by SPS.

Specific requirements can vary based on the lender, local housing codes, VA guidelines and more.The “toughness” of any particular appraisal also has a lot to do with a lender’s own policies.

Loan guidelines from Fannie, Freddie, FHA, VA, & USDA all allow for 75% of gross rents not 70% or if you have owned the property for more than one year and filed taxes they would use the actual expenses from your tax returns.

I can't wait to see the colorful answers you'll get here...there is no real answer on this question, because it really depends on you, what type of person and what your goals are.if you are a risk taker and you carefully do your your Investments and you are ready to take a Gamble, then if you want to take this money and invest in other stuff and you have a perfect view on how to grow your portfolio and your cash return, then it could be good. but if you suspect that you might get lost in the middle then it's not good it...

Sorry to disagree with Thomas and Kim but even in a super tenant friendly state like California their tenant - landlord guidelines call for carpet to last 8 - 10 years.  

Commercial lending has different guidelines.

Specifically with FHA loans, if the property is transferred to someone who 1) does not occupy the property as their primary residence or 2) is not approved under HUD's guidelines, HUD can accelerate the entire loan. 

And to qualify for that loan you would need to meet their guidelines.  

I am not affiliated with selling insurance in any way my experience comes from how the insured party was treated and guidelines per my client the insurance company.  

Every county in the state of Florida is required by Florida statue to follow the state guidelines for general contractors, or other state licenses.