He did make an appointment and go into the local office, and they were very helpful.

Sounds cliche but always best to reach out to a trustworthy loan officer and fill out an application because there are too many things to look at before determining how much you can qualify for. 

I’ve definitely seen this, or rather one part of the bank saying it should be fine and the back office part having a different trip wire for return.Doesn’t mean the tenant didn’t cut it awfully close but I’d let it go as long as it was resolved immediately and the tenant paid any overdraft fee.

Lavette,Lets Network I am in Florida as well and have an office in Miami and Tampa. 

Purchase price: $3,000,000 Cash invested: $67,000,000 Sale price: $87,500,000 We are purchasing a Distressed Office Building that is in Special Servicing (foreclosure) to convert to a Hotel.

The HML as you know never leave their office.. they collect data just like a bank does order the appraisal and all that jazz we dont do any of it.. we will run criminal though we dont want to be funding any bad actors or dead beats.

If you're a real estate professional, the home office deduction can be valuable.

Your loan officer should be able to explain to you the pros and cons of each option specific to you scenario but general guidance typically says to go conventional if you can.I'm happy to answer any other questions you have about both programs.

Why don't GPS connect with high net worth individuals or family offices to reduce the work of raising from a higher number of LPs?  

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.