I would look toward this strategy maybe in combination with paying off any consumer debt you may have.

Tips I've gathered so far are a combination of the following: challenge property taxes, shop for cheaper insurance premium, refi loan(s).

What I want to do is combine the two mortgages and take advantage of the current low interest rates so that I can put a little cash into my pockets each month.

And therein lies the issue, RE financing is unique by terms, collateral, applicable laws and servicing.

With us, they can have no risk (contingencies int he contract to protect them), do no work (with a POA, our attorney handles the closing and we do all the legwork) and they get anywhere from $10,000-$100,000 on a deal (depends on the spread).We also help the homeowner because the combination of our attorney and using the charity enables us to hasten the short sale process (we had one approved in 2 weeks).We do tell the banks that this is a fundraiser for the charity, but we don't tell them the number.

It could be that I run a small business and that I'm in Georgia or a combination of the two, but it looks like it's a California specific thing from what I saw briefly.

A unique circumstance and there were no zoning issues, the rental income was on the owner's tax returns and the tenant had been there a few years as well.

Whatever combination of bank statements and pre-approval (no pre-qualification) from lenders.

Leon Yang no capital gains if he stays there 2 years as is his primary residence. all of the profit is tax free.he's basically breakeven on the rent & he has no savings. he'd have to rent a new home to live inas he wouldn't qualify for another loan cuz he can't include the rental as income & he doesn't qualify for 2 loans with their combined income.

For all concerned.Acronyms*REI Abbreviations**AFD* - Agreement For Deed*AITD* - All Inclusive Trust Deed*APR* - Annual Percentage Rate*ARM* - Adjustable Rate Mortgage*ARV* - After-Repaired Value*ATR* - Ability to Repay - See CFPB*BOM* - Back On Market*BOR* - Board of Realtors*CAD* - County Appraisal District*Cap* - Capitalization*CCIM* - Certified Commercial Investment Member*CCR* - Conditions, Covenants, and Restrictions*CFD* - Contract for Deed*CFPB* - Consumer Finance Protection Bureau - See ATR*CLTV* - Combined Loan To Value*CMA* - Comparative Market Analysis*COCR* - Cash on Cash Return*COF* - Cost of Funds*COO* - Certificate of Occupancy*CRB* - Certified Residential Broker*CRE* - Creative Real Estate*CRS* - Certified Residential Specialist*DBA* - Doing Business As*DCR* - Debt Coverage Ratio*DOS* - Due On Sale Clause*DOT* - Deed of Trust*DSCR* - Debt Service Coverage Ratio*FCRA* - Fair Credit Reporting Act*FED* - Created the CFPB*FFE* - Furniture, Fixture, and Equipment*FHA* - Federal Housing Administration*FHLMC* - Federal Home Loan Mortgage Corporation, Freddie Mac*FMR* - Fair Market Rent*FMV* - Fair Market Value*FNMA* - Federal National Mortage Association, Fannie Mae*FRBO* - For Rent by Owner*FSBO* - For Sale by Owner*GMAC* - General Motors Acceptance Corporation*GRM* - Gross Rent Multiplier*HELOC* - Home Equity Line of Credit*HML* - Hard Money Lender*HOA* - Homeowners Association*HUD* - Housing and Urban Development*HVAC* - Heating, Ventilation and Air Conditioning*IRA* - Individual Retirement Account*IRC* - Internal Revenue Code*IRR* - Internal Rate of Return*IRS* - Internal Revenue Service*L/O* - Lease Option*L/P* - Lease Purchase*L/S* - Landlord Seller*LIBOR* - London Interbank Offering Rate*LLC* - Limited Liability Company*LOC* - Line of Credit*LOI* - Letter of Intent*LP* - Limited Partnership*LPOA* - Limited Power of Attorney*LTV* - Loan to Value*MAI* - Member Appraisal Institute*MAO* - Maximum Allowable Offer*MIP* - Mortgage Insurance Premium*MLS* - Multiple Listing Service*MUD* - Municipal Utility District*NAR* - National Association of Realtors*NIV* - No Income Verification*NNN* - Triple Net Lease*NOD* - Notice of Default*NOI* - Net Operating Income*NOO* - Non-Owner Occupant*O/F* - Owner Finance*OO* - Owner Occupant*P&S* - Purchase and Sale*PITI* - Principal Interest Taxes Insurance*PMI* - Private Mortgage Insurance*POA* - Power of Attorney*PUD* - Planned Unit Development*REI* - Real Estate Investing / Real Estate Investor*REIA* - Real Estate Investors Association*REIT* - Real Estate Investment Trust*REO* - Real Estate Owned*RMLO* - Registered Mortg Loan Orginator*ROI* - Return On Investment*RTO* - Rent to Own*SFH* - Single Family House*SFR* - Single Family Residence*Sub2* - Buying property subject to existing financing*T/B* - Tenant Buyer*TAA* - Texas Apartment Association*TAR* - Texas Association of Realtors*TIL* - Truth In Lending*TREC* - Texas Real Estate Commission*UBIT* - Unrelated Business Income Tax*UCC* - Uniform Commercial Code*VA* - Department of Veterans Affairs / Veterans AdministrationFORUM ABBREVIATIONS*AFAIK* - As Far As I Know*AFK* - Away From Keyboard*AKA* - Also Known As*BBIAM* - Be Back In a Minute*BFN* - Bye For Now*BRB* - Be Right Back*BTW* - By The Way*CUL* - See You Later*FYI* - For Your Information*G2G* - Got to Go*IMHO* - In My Humble Opinion*IMO* - In My Opinion*LMAO* - Laughing My *** Off*LOL* - Laughing Out Loud*NT* - No Text*ROFL* - Rolling on the Floor Laughing*ROTFLMAO* - Rolling on the Floor Laughing My *** Off*TIA* - Thanks In Advance