I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?

PG County just past rent control 3% + CPI capped at 6% or whichever is less.

It is common misconception that the limit is 10 conventional loans. so, folks will say will lets do a DSCR loan on this one to save a slot for a conventional loan.

The property is in PG county Maryland, and I live out of state.  

Gambling is short-term speculative play; that's flipping,  that's Vegas slots, sports betting.

We still PG (personally guarantee) DSCR mortgages on properties held by LLCs.

I previously underwrote small business loans and we would require a PG on all loans.

@Derek Morrison I list “typical qualifications” in my rental listing then have a specific email response to inquiries that again lists my “typical qualifications,” along with an attached application form, that if they meet those, they can request appt x day for 20-minute time slot, and I only accept applications after meeting them at the appointment.

Quote from @Michael Morrongiello: That is also my understanding as wellThe junior 2nd lien gets wiped out it gets  wiped out from that property but the debt remains with teh borrower.. although unless its a commerical deal with a PG rarely do banks go after the borrower just based on the note. 

Housing policy is a mess in both PG and MoCo.