He would have to write a letter of explanation to state his intention and make a credible case for occupancy.

Lana Lee Thank you for the encouragement and explanation.

@Andrew CushmanThank you very much for your time and for your thorough explanation.

My family members aren't drug dealers or anything like that but we are looking in the area of about $80K in private money and I know there are limits on deposits and transactions with banks that sometimes require an explanation. 

Can anyone recommend a good website or online instrument that helps buy and hold investors analyze properties geographically.

Basically any expense will show up with an explanation from a new water heater down to replacing a mailbox key.  

Podcasts are also usually narrowly-focused, and geographically-specific discussions that may not actually add any REAL value to your knowledge base even after an hour of listening!

Obviously that's the biggest investment scenario, and you'd want to similarly understand what you'd be able to get for all your hard work.Chances are this last one isn't the maximum profit scenario (if any scenario has a profit), only because I find doing things "right" is rarely paid back fully to an appreciative buyer - the main benefit from doing things right is if you keep a property long enough to benefit from those decisions.There's also the scenario of holding onto it, but it doesn't sound like that's really what you'd be wanting to do for geographical and other situational reasons here.My basic thought is, if you don't see a way to make at least $10,000 in the first scenario (acquire and sell as-is), strongly consider just passing.

I know I'm resurrecting a dinosaur of a thread here, but I really appreciated your explanation.

You will need a strong explanation to convince an underwriter.