Putting your money back into the mortgage is like keeping it under your mattress.

Seller's agent admitted that there is now a back up offer on the table,..... has not admitted that this is under contract with new buyer but the MLS says pending. 

Once the new house was completed and our personal finances were more known, then we entered back into the buying mode. 

I am a real estate agent, getting back into it after 4-5 years off.

One trick we use sometime is take a water hose from the back of a washer machine...

Just rip them up, dry out and lay back down!

You can get an FHA loan with 5% down, assuming you're going to live in the property (for at least 1 year).Deal 1: My back-of-the-envelope math (assuming 25% down) says you may be able to cashflow ~$180/month.

. $10K after closing costs and holding back a reserve fund will leave you about $5K for a DP.

Originally I was assuming the lender would do it just like they did for the first one, but I haven't heard back :xAny advice is greatly appreciated!

Other times we need to look at the income approach, or we can look back at a longer period of time until we can find a comp and then adjust for market increases.