I think 2 years of landlord experience and you can use your rental income, however they typically want to see 75% of your rental income covering the mortgage.

Even if they hadn't trashed up the place there would have been paint anyway.You need to find properties where your 50% of your rent is enough to cover your debt service.

., and $1k a year will never cover everything that eventually need to be replaced.

I was then able to negotiate the price down to have bank cover 75% of a new roof.

.  :-)The window coverings came in today, and I have a couple of other decorative items on order.  

Children of the Georgia residents are eligible for the HOPE scholarship where the state will cover the tuition.

The only thing I would consider asking in this situation is for him to cover a late fee on your mortgage.

For example, I recently had a client who had some equity in his home, but not enough to cover the repairs needed to sell it or the closing costs required to close (commission, transfer stamps, etc.) without taking money out of his pocket.

@Bill Gulley pretty much covered it.In most States, getting a broker's license follows obtaining your sales agent's license and a prescribed time working for broker. 

Ar you or your seller insured to cover any screw ups?