I started suspecting "something" was off after about 5 or 6 months with this PM, and I started scrutinizing the statements trying to figure out what it was.

S Corp shareholder wages has always been a highly scrutinized area and now, with the new tax law, will only get worse, thanks to Section 199A. 

Basit Siddiqi Not necessarily...This law will force Airbnb to provide names and address of Airbnb hosts to city..From what I read this might give a reason for the city to inspect a Property of an Airbnb host.If I’m a host I don’t want to give city any reason to inspect my property.If host is living in Property and doing Airbnb legally in upstairs apt he might be ok but if he converted his basement to be an apt he will get fine from what I understand..I don’t invest in NYC but I know many who are hosts for Airbnb, I would be reluctant to host if I can be scrutinized by the city..This is a major win for Hotel industry...

@Lodina Cokleywhen @Jay Hinrichs says unsophisticated don't read it as he's saying YOU are unsophicated. his point (and a good one) is that commercial properties are generally owned (or represented by) more knowledgable owner/investor/agents who will spot a wholesaler from a mile away. like both folks before me stated, they'll require a POF and scrutinize that even before reviewing a LOI.Unrepresented residential homeowners are generally more flexible with the terms because they don't understand the process or right questions to ask to check it's actually you making the purchase.

I was a little nervous about it considering buyer was using FHA financing since FHA typically scrutinizes these types of things. 

Applying to a hard money or private lender is actually a good way to confirm that your numbers are good - because most of them will really scrutinize your deal and tell you if it's solid or not. 

If the underwriter scrutinizes your case it will.There is a distaste in the Realtor community for VA loans.

I stopped scrutinizing over details like these a few years ago because by and large I found a far more efficient vehicle to carry my equity.  10% on your money with an investment property shouldn't be a stretch at all even if you're poking around the MLS once you consider all of the ways you're making money holding RE [CF, Appreciation, Equity gain, tax benefits..] 

Did the lender scrutinize your PM?

So any cash flow projection that is not close to the 50% rule should be heavily scrutinized.