If you develop a good marketing plan and stay consistent with it, you'll find plenty of good deals.Keep in mind too that you have to go through a lot of leads to find one great deal.

Ask the seller to provide you with the septic tank report.

How are the people that you know able to do it successfully on a consistent basis?

I guess the big problem I see is reporting to the IRS a 2k income, followed by 70k capital gain.

Will this have a negative effect on my credit report?

Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.

I have enough time to review property package consisting of borrower's information, credit report, property evaluation and make a decision.

The mortgage just appeared on my credit report last month and my scores today were in the 660's - 680's.

I told her she would have to pay for the exterminating if she wanted it, as their report stated no evidence of them.

tell your agent that you need a detail and summary report for the last year. 2.