This also means that we need to play straight and fair when it comes time to submit an offer.

Yep, An episode named "Fire House" was on last night and right before the end when their agent comes over to do an open house I heard it playing.

You play tricks by putting properties under contract and assigning or double closing rather than being up front and signing a listing agreement with the seller.

Many factors play into determining value, not many comps would have such a facility, the style as adapted to the home is considered, the functional utility as a residence may be less as well.I'd first call your zoning people and see if 5 or 6 kids requires a zoning variance.Having daycare services or other business activities in a residence is possible with conventional loans, but you can cross the line depending on the perceived liabilities of a business, any significant modifications to a property, public access and other aspects can cause financing issues.

They were trying pull one over on the landlord and he's not playing.

At least that's how I like to play :)

,What you are saying is going on all the time, but everyone plays a low key on the non-profit and, once you are up and running the government are willing to loan to a non profit.Joe Gore

Play dumb, ask the agent what the deal might be, are you going to move in?

I feel that this borrower is an investor, there is no house that will be lived in, thus Dodd Frank is not in play.

Houston is a very large market - plenty of room to play.