I use MRIS for rental comps, but I understand not everyone has access. 

We understand that this partnership will end some day whether we sell or just move on to other things...and we want to make sure we end with a 'great' note...not bad.  

Looking at picking up a duplex for 15k, needs 30k rehab. Arv is 70k. If I go to my local bank to get a mortgage on the property and they appraise it for 70k, how much would they write me a check for?

Funny running into you here and , at first I had a tough time understanding all that mambo jambo about a BBB lady, and was like huh!!! 

I understand now.

It is better for them to get half the profits than no profits, and you gain invaluable experience as they take you through the process with them.DO NOT go half-cocked and mail without having an understanding of the legal requirements for your area for assignment contracts.

Totally understand and yes you are right.

My case has limited w-2 income, and I am not sure that the underwriter understands how to properly account for other income.

If doing flips understand it's an incredibly competitive business.

Can someone help me to understand what it means?