Profit Limits
Have any of you experienced a lenders attempt to limit a rehabbers profits by lending your buyer only 15% more than you have invested in the property? I understand that, in some areas, buyers, regardless of credit rating, could not get good LTV on properties for which the rehabber/seller had not held the deed for 6 months or more.
What has been your experience? 
Thank you! That is exactly what I was looking for!
Glad to help!
In the floor joists in the basement on the perimeter wall should not be concrete, but wood.
IMHO, it is probably cheaper to buy a 4" hole saw (about $20) and a dryer vent kit (about $20 and Home Depot) and connect this properly then to have to rely on you tenant to handle the maintenance on the type of device you are asking about. It is hard enough to get them to clean the primary lint catcher.
pay a handyman the $50 to $100 to place a vent in the joist space. You will have less maintenance and longer use.
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