But even that site has caveats, is clearly sampling only SFRs (not reasonable in high density metro areas) and assumes a $1,000 rent which not even a national average nor applicable in many cities.If only this kind of analysis could be automated and kept up to date and be more inclusive.

@Joe Armstrong You are saying that the properties you have found to date are only doable for you if you occupy them since that is the only way you can arrange acceptable financing?

Then you'll know the most up to date criteria necessary and you'll have a sale-able note.In terms of documentation, the safest strategy is to have a mortgage broker originate it.

Also getting a loan will be painful.Bottom line is that I just need to go close on some homes and then worry about this at a future date :) Thank you all!

In providing mortgage payment verification to Wells Fargo they are telling me that checks dated one day after the due date is considered the same as 30 days late.

If their contact doesnt remove their items we will store them (at their cost) for up to 30 days.In your situation I would let the sheriff finish the eviction so its official.Problem number 2 we handle by saying that if the rent is unpaid for 5 days after the due date and we are unable to contact the tenant we have the right to assume abandonment and take back over possession of the property, thus we can avoid the eviction process.  

With so many advancements in the past 20 years that have changed the p.m. industry its important for your p.m. to up to date on the new trends and tools available that make your property (and themselves) relevant.Bad traits:-Lack of procedures.  

Some companies may not write over a certain age or they may have special requirements if the house is built before a certain date. 

HelloI am about to enter into a purchase agreement with a seller who has requested a closing date many months from now.

Can I put the offer in my name based on pre-approved mortgage I obtain personally but then purchase the house via the LLC with financing that I obtain at a later date?