All of these things can be largely avoided with an honest conversation with an experienced lender that knows what questions to ask to get an idea of what needs to be done.

This will allow you to shop for properties more easily, and will also make it easier to run different scenarios for different properties that you view.The best way to prepare is to have your income for the last two years and YTD available, know how much you have available to spend, and write down any questions you want to ask.  

When were are in a hot market we require a previewing questionnaire with 5 questions based around the application process - credit, income, pets, etc.

@Charlice Arnold good question.

There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

Feel free to connect for questions and would love to learn how others are using AI in their day-to-day business operations. 

Hello - I own a duplex in Bracebridge, Ontario, Canada - the largest issue I have has been property management - I live in BC, and there are not many property management companies in Muskoka that handle long term rent...

My question is do I need to be concerned and can I give the ex husband a courtesy call?

Just post your ideas and questions, ask good questions, you will get a lot of comments.

I guess my question to you all is, where have you had the best luck in finding contractors for your projects, specifically in Arizona’s market?