I am getting 3.8% on 75% LTV for investment properties...so that is a fantastic rate.

I have excellent credit, almost 800 and a great income from employment with fantastic debt to income ratio.

Or are you looking to use a lease option strategy to gain control of a property from another homeowner?

Eric, there seems to be a lot of control over house loans these days.

Hello,I'm looking at refinancing our SBA loan debt this summer or fall - and looking at obtaining an FHA Sec 232 loan or I've seen there are some Fannie/Freddie loan programs as well depending on the lender.I like the fact these are non recourse with carve-outs and depending on the loan can be assumable and with far better interest rates for the life of the loan.However I'm a bit paranoid about the controls the lender would have over myself/our business and how much it would cost to have audited financial statements.

Austin and Dallas are also fantastic markets right now.

So I want to break down the deal below, and get a few of your suggestions on what our next move should be AFTER the rehab.Found the deal at an auctionIt is a single family home, 2935 sq ft, 4 bd, 3 bth in and absolutely FANTASTIC neighborhoodPaid $150,000 for the housePaid about $6500 to closeAppraisal came back at $187,500 and it hasn't been updated since the 90s as far as inside appearanceNo major flaws, mostly cleanup, cosmetics and updatingFactored in $30,000 for the repair costs (roof, flooring, paint, kitchen/bathroom updates)We put $30,000 down for down payment$120,000 will be financed at 4.5% PITI is $1030 (after remodel PITI will go down as we are switching to a landlord policy)After remodel will rent between $1500-$1700, maybe more but doing a little digging on corporate rentalsWorst case will cashflow right around $300 per month ARV will be in the range of $250,000 on the low end.  

Since they usually keep crews fully employed, the have better control over their labor costs.

I dont think its income govmit is regulating .. its tenant/owner relationships and rules and regs related to tenancy. there is rent control though in some markets so that has been around for a very long time in places like NYC and Berkley SF etc.

My response rate was fantastic though and most people were very respectful whether they were interested or not.