PMI would absolutely be included but if it saves the customer 5% on a down payment of a home that is undervalued do to work needed to be done I think that's great.The customer does have 10% of her own funds and I'm not familiar enough with commercial loans to comment but I know you're on top of things so I would trust your judgment.In conclusion my institution has no overlays so when I quote guides it's directly from Fannie, Freddie, FHA, USDA or VA unless it's my portfolio division.

It is absolutely what everyone says to start with but I also see the difficulties.

I had a very detailed plan (and lots of study) before I ever started looking at houses...Turns out my plan had absolutely no basis in reality, and if I were to rewrite my original plan today (with the same goals in mind), you wouldn't recognize it as anything even close to what I had originally written.

Ahh, Absolutely K.

then you can compare different properties (relative value) and find out how much YOU are willing to pay (absolute value)

That is why you absolutely need to use a dedicated bank account for your rental activity.

If you weren't there, this is a good lesson for the future -- always be there when the appraiser is...I was absolutely there, and corrected him when I detected an error, like him measuring the interior width of the building on a wall with a chimney.

You can buy a handy dandy tester at the box stores that will simply plug into an outlet and will tell you a lot about the electrical system.DonYou are absolutely correct.

Absolutely crazy.

I don't want to buy a car unless its absolutely necessary because I'm trying to save as much money as possible in order to buy my first property.