Scenario -Lease Application for one tenant (checked by our realtor) - great employment history, rental history and credit score.

Common here in time to pick colors, flooring and appliances, especially at the higher end.

You can take the 240 volt feed going to your stove and convert it to two 120 volt outlets using a common neutral, which in older homes can very helpful in small breaker boxes.

The lenders only count the primary term of the lease no matter who the tenant is ( even an investment grade billion dollar one ) because the bank wants to project the worse case scenario that the option will not be renewed.

If the scenario were to come up.

I was under the assumption that that practice was common, even amongst BP members.If you personally pay for every wholesale lead upfront, wouldn't that make it impossible to continue wholesaling properties on a consistent basis, say if you had 5-10 deals a month?

In fact, it a common problem with most real estate investors living along the pricey coastal markets on the East and West coasts.Your idea of renting where you want to live (in the "OC") and investing where it makes sense, would be a good decision in my opinion.

The more common phrase here is LTV - Loan To Value.

They will likely fall under one of two scenarios (in most cases).

There is likely a buyer's premium (5% is pretty common) that is added onto your bid price.