Gift letter from parents.

I recommend to my clients that they help their family in ways other than co-signing - by gifting a down payment, helping with closing costs. 

I dont really like to but I am gifted between little and no time in the day to spare.  

NOW, having said that, I've been told there are steps you can take to combat the issue that arises from the "gift" stipulation...First, the "gift" (loan) coming from a family member raises far less red flags than does a gift coming from a friend. 

So for me I can bring gifts to listing presentations and send little pop bys that aren’t just silly notes on skittles because I’m focusing in on a smaller number of transactions.

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

What a beautiful gift of grace you are giving your daughters!

Or other option is to purchase or as owner occupied if you can and have a gift from a relative for the 5% downonpayment.

Matt Fisher Here are some advertising ideas:TurbotenantZillow rental manager (formerly postlets)Cozy.co“Pick your neighbor post card” refer a family or friend and receive gift card, $100, etcFacebookPosters at gas station, post office, church, schoolNewspaperMost of these are from Brandon Turners book on managing rental properties.

 It sure about the Exact phrasing of the seller restriction and whether a trust would it....maybe ask the seller....but you could always just let your daughter buy it in her name, you co-sign the loan, gift the down payment money..