It also includes common forms that you can edit and use.Their web site is a free resource with links to your state law but I highly recommend the book for some of the practical advice they provide.

Additionally, since he already has an end buyer lined up even before closing on the deal, this would be a classic transactional lending situation until the end buyer for some reason backs out or something else happens and you now may have funded 100% on a deal you may now have to foreclose on (worst case), thus not a Transactional Loan, and would then fall into another loan category, hints not A Transactional Loan as the dynamics COMPLETELY change, for example when the lender sends their funds.which is why myself and other Transactional Lenders don’t classify that as a Transactional Loan, that would be a short term loan but requires additional vetting of the deal, the borrower, loan docs etc changing up the complexity of the deal to no longer being considered a Transactional Loan.

If the second home can be classified as your primary you could qualify for an FHA 3.5% down loan, once your refi your current FHA loan.

@Drew SygitNice perspective it never occurred to me, what is the best way to classify Class A ,B or C?

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

§https://www.hudhomestore.com/Home/Index.aspx§http://foreclosures.bankofamerica.com/§http://www.bayviewreo.com/§https://servicing.chase.com/REO/Property/GetAdvancedSearch§https://citimortgage.res.net/§https://secure.bbvacompass.com/properties/§https://www.homepath.com/§https://www.21stmortgage.com/web/21stSite.nsf/locating?

That is... agent works in state A and can't bid on properties in state B.I have read a ton of stuff on HUD's web site - but have not found any stated restrictions regarding limitations on geographic locations.Are there any?

One or two of the more tech savvy  tenants even enter their own work orders on the web portal that comes with the software.  

What ways would you suggest I use to maximize our web presence and inbound calls?

That might mean keeping the installation CD around, or having a copy of the license key that will let you download another copy of it from the company's Web site.